Denied Party Screening

ECM Trade Compliance Export Control

Automated and configurable real-time screening against global sanctions lists with seamless system integration for complete export compliance and transparency

Denied Party Screening

How does MIC's denied party screening software simplify your export control processes and reduce compliance risks?

In the complex world of international trade, navigating compliance with ever-changing export control regulations, it is essential to avoid costly penalties and legal issues. MIC's denied party screening (DPS) offers a solution for sanction lists screening and ultimate beneficial owner (UBO) checks, streamlining your compliance efforts with ease. By leveraging real-time and batch screening capabilities alongside automated updates from global sanctions lists, MIC DPS ensures you remain ahead of regulatory changes and reduce compliance risks effectively.

Our centralized, user-friendly platform integrates seamlessly with your ERP systems, such as SAP, allowing you to automate the blocking of suspicious transactions directly within your existing framework. This integration, combined with daily updates from MIC’s Global Trade Content Service (GTCS), provides you with the most current sanctions lists and embargo regulations, ensuring thorough and accurate compliance.

Additionally, MIC DPS includes advanced UBO screening tools, automating the identification and assessment of ultimate beneficial owners from over 200 million global companies. By incorporating these features, MIC DPS not only simplifies your compliance management but also enhances operational efficiency, providing a comprehensive solution to navigate the complexities of export control regulations.

Benefits

Real-Time Screening for Effortless Process Management

Centralize and automate denied party screening with real-time and batch capabilities, ensuring up-to-date checks against global sanctions lists

Full Transparency with Detailed Audit Reports

Maintain full transparency with detailed reports and documentation for every transaction, supporting consistent and traceable compliance

Boost Efficiency with Daily Updates and Consistent Accuracy

Enhance efficiency and ensure accuracy with automated daily updates from MIC’s Global Trade Content Service and integrated UBO screening - this saves time and minimizes errors

Highlighted Product Features

Comprehensive process transparency

Enjoy complete visibility across the entire screening workflow, including escalation management. This ensures you can track and manage every step of the denied party screening process with ease.

Seamless ERP integration

MIC DPS integrates smoothly with various ERP systems like SAP, allowing for automatic blocking of suspicious transactions directly within your existing platforms. This integration enhances efficiency by preventing non-compliant transactions before they occur.

Holistic MIC module integration

Leverage integration with MIC-CUST® Export. This interconnected ecosystem ensures a unified approach to export control and compliance across different business functions.

Real-time and batch screening

Support both interactive real-time screening and batch processing for comprehensive denied party checks. This flexibility helps you manage transactions efficiently, whether individually or in bulk.

Automated and up-to-date content

Benefit from daily updates through MIC’s Global Trade Content Service (GTCS), covering sanctions lists for EU, US, UN, JP, UK, CH and many others. The use of “white lists”, “positive lists”, internal "black lists" and keywords further automates the screening process.

Ultimate Beneficial Owner (UBO) screening

Access automated UBO screening for over 200 million global companies via integrations with Orbis and Dun & Bradstreet’s Bisnode databases. This feature provides a deeper level of due diligence to identify and assess the true owners behind business entities.

MIC's Export Control Management Capabilities

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Get in touch

Have questions about our company or products? Reach out to us, and our sales team will be happy to assist you. Or take advantage of the opportunity to explore how MIC solutions can elevate your business, with expert guidance from one of our specialists.