Sanction Screening definition
Sanction Screening means the process of reviewing whether a customer falls or is covered under any of the relevant sanctions lists and, whether it is necessary to take appropriate action.
Sanction Screening means the company disclosure to member/Employer that being part of a global financial institution, We comply with national and international laws, regulations, policies, rules and requirements to prevent criminal activities, money laundering and terrorist financing, sanctions and prohibited business activity laws and rules violations. We must therefore check all information, instructions and transactions by and on behalf of member/Employer in relation to all transactions and to the business relationship on a continuous basis.
Examples of Sanction Screening in a sentence
CONTRACTOR shall be responsible for the provision of all screening requirements for 1 employees and volunteers, including but not be limited to Sanction Screening, the Department of Motor 2 Vehicles Pull Report, and all other requirements as set forth in the Agreement.
CONTRACTOR shall maintain personnel files for each staff person, including management and 4 other administrative positions, both direct and indirect which shall include, but not be limited to, an 5 application for employment, qualifications for the position, applicable licenses, Sanction Screening 6 results, waivers, registrations, documentation of bicultural/bilingual capabilities (if applicable), pay rate 7 and evaluations justifying pay increases.