What is legal list in SAP GRC-WLS - SAP Watch List Screening?

SAP Term: legal list

• Component: GRC-WLS

• Component Name: SAP Watch List Screening

• Description: A part of a sanctioned party list.

Smart SAP Assistant

• Key Concepts: 
  Legal list is a feature of the GRC-WLS SAP Watch List Screening component. It is a list of names, organizations, and other entities that are subject to legal restrictions or sanctions. The list is used to identify potential risks associated with customers, vendors, and other business partners. 
  
  How to use it: 
  The legal list can be used to screen customers, vendors, and other business partners for potential risks. The list can be used to identify individuals or entities that may be subject to legal restrictions or sanctions. The list can also be used to identify potential conflicts of interest or other risks associated with a particular customer or vendor. 
  
  Tips & Tricks: 
  It is important to regularly update the legal list in order to ensure that it is up-to-date and accurate. Additionally, it is important to ensure that the list is properly configured in order to ensure that it is being used correctly. 
  
  Related Information: 
  The GRC-WLS SAP Watch List Screening component also includes features such as automated screening and alerting, as well as customizable reporting capabilities. Additionally, the component can be integrated with other SAP components such as SAP ERP and SAP HANA.