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Compliance check

Denied Party Screening

Governments around the world regularly update lists of people, organizations and entities prohibited from carrying out business transactions. Failure to comply with these restrictions can result in heavy penalties and damage to corporate reputations. Managers need reliable screening processes to exercise due diligence and avoid inadvertent violations. However, manually checking whether a partner, supplier/customer or Ultimate Beneficial Owner (UBO) is designated as a restricted party is time-consuming, inefficient and error-prone.

The MyTower Compliance solution streamlines this process by automating the identification of restricted parties using the daily updated database.

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Compliance check

Countries under embargo

Protect your business from the risks and complexities associated with embargoes. Countries may have different policies and complex regulations regarding embargoes, whether global trade embargoes, arms embargoes, dual-use embargoes, sectoral embargoes or targeted sanctions.

The Embargos solution automates the monitoring of embargoes and ensures that your business transactions are in full compliance with international trade regulations. Our advanced algorithms and real-time data analysis capabilities enable fast, accurate identification of restricted parties and embargoed countries. The intuitive interface simplifies the filtering process, alerting and blocking transactions.

Compliance check

The solution

A complete audit trail of filtering activity, enabling senders to prove that they have exercised due diligence
Integration with other corporate systems to synchronize prohibited party filtering information and mitigation measures.
Perform ad hoc checks on individual records or automated batch checks as part of an ongoing program

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Export controls license management

Export Controls License Management is a comprehensive solution designed to streamline and optimize your organization's export control compliance processes. In the face of increasingly complex international trade regulations, ensuring export control compliance is essential to avoid legal repercussions and reputational damage. MyTower enables your company to navigate this complex landscape with ease and confidence.

From initial application to renewal and reporting, the solution simplifies and automates the entire process.

You can easily track and control all license requests, approvals and expiration dates, ensuring timely renewals and avoiding delays. The software provides real-time visibility of your license inventory, enabling proactive management of compliance obligations. Customizable alerts and notifications inform you of critical deadlines and regulatory changes, keeping you one step ahead of compliance requirements.

Compliance check

With MyTower, you can easily track and control all license requests, approvals and expiration dates, ensuring timely renewals and avoiding costly delays. The software provides real-time visibility of your license inventory, enabling proactive management of compliance obligations. Customizable alerts and notifications inform you of critical deadlines and regulatory changes, keeping you one step ahead of compliance requirements.

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TRANSPORT, CUSTOMS AND TRADE COMPLIANCE

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