What is Sanctions Screening List?
Sanctions Screening List A list of individuals, entities, or countries subject to financial and economic sanctions, used by financial institutions to screen transactions for compliance with international and domestic regulations.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Sanctions Screening List” Used in Practice?
Banks are required to match all customer transactions against the sanctions screening list to prevent dealings with sanctioned parties.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Sanctions Screening List?
A list of individuals, entities, or countries subject to financial and economic sanctions, used by financial institutions to screen transactions for compliance with international and domestic regulations.
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