INDUSTRY WORKFLOWS · GUIDEUPDATED 2026-03-04
Industry Workflows
Import Export and Commodities Screening
Run counterparty checks for trading partners across import, export, and commodities operations.
Trade and commodities operations depend on reliable counterparties across multiple jurisdictions. This workflow helps identify sanctions and ownership exposure before commitments are made.
§01What this workflow covers
SCOPE- Screen counterparties involved in import/export shipments.
- Check trading partners before high-value commodity transactions.
- Document due diligence outcomes for trade compliance controls.
§02Key statistics
DATA- Sanctions jurisdictions covered
- OFAC, EU, UN, UK & more
- ScreenVeritAI coverage model
- Key workflow dimensions
- 5 (Sanctions, Criminal Watchlists, PEP, Adverse Media, UBO)
- ScreenVeritAI workflow model
§03Compliance glossary
TERMS- Sanctions screening
- A control process that checks a person or entity against sanctions and watchlist datasets.
- PEP
- Politically Exposed Person: an individual in a prominent public function requiring enhanced due diligence.
- UBO
- Ultimate Beneficial Owner: the natural person who ultimately owns or controls a legal entity.
§04Authoritative references
SOURCES- 01OFAC Sanctions Lists
U.S. Department of the Treasury
- 02EU Financial Sanctions Database
European Commission
- 03UN Security Council Consolidated List
United Nations Security Council
- 04FATF Guidance on Beneficial Ownership and Transparency
Financial Action Task Force
§05Expert perspective
NOTE“Risk controls perform best when sanctions checks and ownership context are reviewed together.”
§06Frequently asked questions
Q&A- Can this support global trade counterparties?
- Yes. It is built for multi-jurisdiction counterparty screening in trade workflows.
- Should checks run before each major transaction?
- For higher-risk flows, pre-transaction checks are a strong control practice.
- Can we include ownership checks in trade due diligence?
- Yes. Ownership mapping helps detect indirect sanctions and related-party exposure.
- Can this help trade compliance documentation?
- Yes. The workflow produces evidence that can support control and audit requirements.
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