Both financial firms and a considerable number of non-financial firms and professionals are obliged to follow the sanctions issued by the European Council, aimed at persons and entities suspected of involvement in acts of terrorism or collaborating with terrorists and persons linked to certain non-EU regimes.

Sweden does not have any own national sanctions, but other countries might have their own national sanctions. The sanctions imply limitation in their freedom of action for a state, a group, a company or individuals. Examples of sanctions are frozen assets, restrictions for investments, trade restrictions for special goods (such as for instance weapons, oil, minerals and diamonds), travel restrictions and aviation restrictions.

To also screen customers against other sanction lists such as UN Sanction lists, OFAC-SDN Sanction lists and UK HM Treasury (OFSI) Sanction lists the customer need to apply for permission from any Data Inspectorate in the EU (in Sweden Integritetsskyddsmyndigheten) to not be in violation of GDPR Article 10.