Some people and organizations may not be traded with: governments list them in official sanctions lists. A-REX checks the parties of your directory against the lists that apply to your company and shows you the possible matches. It never decides for you: a person of your company looks at each match and decides, because the legal duty and the cost of a wrong match sit with your company.
Which lists apply to your company
The lists follow your company's legal home:
| Legal home | Lists |
|---|---|
| Brazil | UN Security Council list (Lei 13.810/2019) |
| United States | US OFAC list (SDN) |
| EU member states | EU financial sanctions list and UN list |
| United Kingdom | UK Sanctions List and UN list |
| Anywhere else, or no legal home recorded | UN list |
Restricted parties, tab Lists, shows the lists that apply to your company, why, their legal basis and since when they apply.
Where the lists come from
A-REX loads each list from its publisher's official file: the UN Security Council, the US Treasury (OFAC), the European Commission and the UK government. They are refreshed every day. The Lists tab shows for each list its edition, when it was loaded, who publishes it, the publisher's attribution and a link to the publisher's page. A list not refreshed for 14 days shows as Stale, and its last edition keeps being used. The EU list shows Not loaded yet until A-REX can download it; the UN list still applies to EU companies meanwhile.
What a possible match is
Your parties are compared with the names, other names, tax and registration numbers, countries and type of each listed entry, whenever a list or one of your parties changes. Select Check now in Restricted parties to compare them at once. Each possible match gets a score in percent, High from 95 %, and the reasons it rests on, such as Same name or Same country. A possible match is a suggestion only: nothing is restricted until an owner or administrator confirms it. Your owner and administrators get a notification when there are new ones.
Confirm a match or mark it as not the same
- Open Restricted parties, tab To review, and select Review on the match. The panel shows your party and the entry as the list gives it, with the Official page when the publisher has one.
- Select This is the listed person or entity and write the Reason, or select Not the same and write a Note.
- Enter your second factor.
Only the company's owner and administrators decide. A match marked as not the same is not suggested again unless your party or the list entry changes.
Restricted parties
A confirmed match becomes a restricted party. Tab Restricted parties lists them with what each one is based on, the reason, who decided and when, and where each of its accounts stands on the ledger.
Restrict a party by hand
When you know a party must be restricted without a list match, select Restrict a party by hand in Restricted parties. Choose a party of your directory or enter an account address, write the Reason and, if you know it, choose the list and its Entry ID on the list. Enter your second factor.
Restrict on the ledger
A restricted party is recorded in your directory. To have your ledger refuse deliveries to and from its accounts, select Restrict on the ledger next to each account. It waits for the approval of an owner or administrator. This needs the lot rule Approved receivers only in Lot rules; without it the page says so and the restriction stays recorded in your directory.
Lift a restriction
Select Lift restriction on its row in Restricted parties, write the Reason and enter your second factor. If its accounts were restricted on the ledger, select Lift on the ledger for each one; that waits for approval too.
History and the audit trail
Nothing is deleted. Tab History keeps every decision on a possible match, with its note, and every lifted restriction, with who lifted it, when and why. Each decision is also in your company's audit log.