What is 'sanctioned party list screening' in SAP SD-FT - Foreign Trade?

sanctioned party list screening - Overview

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A checking of individuals or organizations in an SAP document against the sanctioned party list denied persons list to determine whether they have been denied trade privileges.

sanctioned party list screening - Details

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  Key Concepts: 
  Sanctioned party list screening is a feature of SAP Foreign Trade (SD-FT) that helps companies comply with international trade regulations. It enables companies to screen their customers and vendors against lists of sanctioned parties, such as those published by the United Nations, the US Office of Foreign Assets Control (OFAC), and other government agencies. This helps companies avoid doing business with parties that are subject to sanctions or embargoes. 
  
  How to use it: 
  In SAP Foreign Trade, sanctioned party list screening is enabled by setting up a screening program. This program defines which lists should be used for screening, how often the screening should be done, and what action should be taken if a match is found. Once the program is set up, it can be used to screen customers and vendors when they are created or updated in the system. 
  
  Tips & Tricks: 
  When setting up a screening program, it is important to consider which lists should be used for screening. Different countries have different regulations, so it is important to make sure that the right lists are being used for each country. Additionally, it is important to consider how often the screening should be done. Depending on the regulations in each country, it may be necessary to screen customers and vendors on a regular basis. 
  
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