Compliance Screening

Reduce the compliance risks of your international operations.

Governments around the world regularly maintain lists of people, organizations and entities prohibited from engaging in commercial transactions. Failure to comply with these restrictions can result in heavy penalties and damage to business reputations. Leaders need reliable screening processes to demonstrate due diligence and avoid unintentional violations. However, manually verifying 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 Control solution streamlines this process by automating the identification of restricted parties using the daily update database.

Protect your business from the risks and complexity 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 sanctions. targeted.

The Embargoes solution helps automate embargo monitoring and ensure that your trade transactions are in full compliance with international trade regulations. Our advanced algorithms and real-time data analysis capabilities enable rapid and accurate identification of restricted parties and embargoed countries. The intuitive interface simplifies the filtering process, alerts and blocks transactions.

With MyTower, you can effortlessly track and monitor all license applications, approvals, and expiration dates, ensuring timely renewals and preventing costly delays. The software provides real-time visibility into your license inventory, enabling proactive management of compliance obligations. Customizable alerts and notifications keep you informed of critical deadlines and regulatory changes, empowering you to stay ahead of compliance requirements.