ASSIST4 Compliance is the right way to handle risk management and safeguard your business processes
ASSIST4 Compliance offers effective protections that let you identify listed individuals, companies, groups and organisations. Business relations that would violate an embargo are thus identified in time and prevented. Depending on the demands and your current IT infrastructure, ASSIST4 Compliance can either be run as a standalone application or fully integrated into your existing application solutions.
Sanction list screening
Comply
ASSIST4 Compliance thus ensures compliance with the array of legal regulations in the battle against terrorism and money laundering. The objective is to protect your enterprise and staff from financial and criminal liabilities. Background compliance checks identify undesirable or illegal transactions, stopping or interrupting them before they can be carried out.SophistiSearch
Sophisticated test logic even identifies similarities such as spelling variants or word transpositions. You have the option of running individual checks in real time for each transaction or setting regular batch process checks for specific data.Lists and test schemes
Up-to-date sanctions lists are the foundation of any secure compliance solution. Individual lists are updated with new or modified entries at irregular intervals, often several times a month. Staying on top of his task requires an automated update service – an integral component of ASSIST4 Compliance. ASSIST4 Compliance is designed to manage a broad spectrum of different sanctions lists.The lists freely available on the internet can be supplemented by those offered by various data providers, so that in addition to EU and US legal guidelines, it is possible to integrate the regulations of other jurisdictions – Japan, Canada or Switzerland, for example.
Client-enabled
A single central Compliance Engine can be shared both by various business process applications and various clients. Profiles allow you to maintain separate lists, compliance check profiles and notification lists and to differentiate various authorisation groups and users. ASSIST4 Compliance also distinguishes queries via online interfaces, logs them and applies parameters and settings based on the querying system.Automatic update service
The scope of the update service is tailored to the customer’s individual needs. Data is always consolidated daily by AEB and sent out whenever there have been changes. The update is a fully automated background process without the need for any user interaction. All checklist “deltas” and changes are fully logged in ASSIST4 Compliance. In addition, the user group receives e-mail notification of any modified list entries.Custom lists
In addition to the official sanctions lists, ASSIST4 Compliance lets you administer any number of customised lists. There are many reasons why business relationships are broken off or certain individuals or companies are subjected to a delivery block. Such cases can be handled in “bad guy” lists and integrated into the compliance check process. This ensures full compliance with maximum flexibility. The various search strategies yield particularly reliable screening.In some instances, however, certain addresses are identified as “suspicious” even though they are known to be free of any links to terrorism. ASSIST4 Compliance lets you store such addresses in your company’s own “good guy” lists. Such addresses are exempted from checks if there is an exact match.
Logging and monitoring
The complete logging of all activities is a core function of ASSIST4 Compliance. Every single query, any match and all changes to list entries are exhaustively recorded. An internal information management system lets you notify the appropriate parties by e-mail. The distribution list used for notifications can vary based upon the compliance check results or the type of log. This guarantees thorough verification and complete transparency.Contact us to find out more
Export controls and licence management
Companies that ship goods within the EU or export to countries outside
the EU must check whether any embargoes or licensing requirements apply.
ASSIST4 Compliance lets businesses run comprehensive checks for national
embargoes, goods-specific licensing requirements and end-use. Alongside United
Nations embargoes there are EU regulations such as the Dual-Use Regulation plus
national export bans and restrictions. With national and international
legislation subject to frequent changes and updates, it’s not easy to make sure
you’re always “playing by the rules” – complying with all export restrictions and
anti-terrorism regulations. The following regulations are applied during a COMPLIANCEllXPRESS export
controls screening:
- EU Dual-Use Regulation
- U.S. Export Administration Regulations (EAR)
- German Foreign Trade and Payments Act (AWG)
- German Foreign Trade and Payments Regulation (AWV)
- U.S. Export Administration
- Coming soon: U.S. International Traffic in Arms Regulations (ITAR)
Quick checks
The Quick Check feature lets you run ad hoc checks on individual shipments to make sure they’re not critical. Simply enter the countries of the consignee, buyer and destination plus the material number or – if known – the German “Ausfuhrliste” number or ECCN. You then see an overview of key information for both DE/EU law and U.S. EAR and have the option to display more detailed information if needed. The Quick Check is ideal for integration into your company intranet and for quick export control checks in sales settings.U.S. Re-export law
Don’t forget: U.S. (re-)export law does not just apply to those who export goods from the United States. If you are shipping goods from the UK to France, for example, and the shipment includes components that originated in the U.S. or were manufactured using U.S. technology, you need to check whether a permit from the U.S. authorities is required. It depends on the goods you are shipping and on whether the exporting company is a “U.S. person,” not whether you are actually exporting something from the U.S.Licence management
The ASSIST4 Compliance License Management module manages the licences used for export controls. A distinction is made between general licences, collective authorisations and individual authorisations. General licences and collective authorisations do not relate to individual business transactions but, depending on the specific national legal parameters, apply to multiple or even distinct types of business transactions. Such licences must therefore be checked automatically and assigned for all checks. Any volume quotas and validity periods are monitored. An important component of licence management is the verification of all individual transactions processed using a particular license. Application processes and electronic usage lists for the authorities are also supported.Contact us to find out more
