Sanction Lists Supplier Assessments
Ensure compliance with Sanctions Lists Screening
EU sanctions are reviewed at regular intervals. The Council of the EU decides whether sanctions should be renewed, amended or lifted.
It is a duty of every company make sure that the suppliers they work with are not on any sanctions list in order to avoid being fined. And also stay up to date and identify suppliers that appear on a list.
Regularly check suppliers and screen new suppliers before doing business with them it is relevant to all companies and non-compliance can lead to fines.
