Common use of Sanctions Screening Clause in Contracts

Sanctions Screening. The Company has implemented robust sanctions screening procedures to ensure that it identifies if a business relationship or transaction is conducted with individuals who are residents of countries that are subject to international sanctions. The Company screens all clients against applicable sanctions lists issued by the United Nations, the European Union, the Office of Foreign Assets Control (OFAC), and any other relevant sanctions authorities.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement