There is a total of 26 HMT financial sanctions regimes, some of them are Al Qaida and ISIL (with the largest number of individuals targeted - 330+ listings), Taliban, Burma/Myamar, Belarus, Iran, Democratic Republic of Congo, Zimbabwe, North Korea, etc.
Sanctions are forcing targets into changing their dangerous behaviour and denying them access to the resources they need to continue their offence.They may be restricted to travel, trade, business transactions and other regulatory measures. Over 2,000 individuals and organisations mentioned in the list are of a wide range of nationalities and reside in the UK, elsewhere in the EU or the rest of the world.
It is important to thoroughly consider your firm's risks, adopt a secure customer demographic and understand your obligations to law. Due to the wide range of persons and entities listed, it is more efficient to use anti-fraud software. Our KYC/AML solution
screens individuals across various sanctions lists and gives companies the protection they need.