What is Truly Mandatory
The EU prohibits providing services and payments to listed individuals and organizations. Companies are not permitted to provide funds or economic resources to these individuals. This applies to business relationships of all kinds.
Authorities emphasize the duty of effective implementation and screening of hits. Processes must be auditable.
Additional lists apply internationally. The UN, for example, maintains a consolidated sanctions list, the UK has a central list, and the USA maintains the Consolidated Screening List Service.
Interview with Christoph Troitzsch, Support classix Software GmbH
What is currently the most common misunderstanding regarding sanctions lists in SMEs?
Many believe sanctions lists only concern exports to embargoed countries. In fact, the prohibition affects payments and resources worldwide. Domestic relationships and personnel can also be affected. Therefore, companies must screen all contacts.
Why is screening with free AI chat solutions problematic?
Free AI chats do not provide audit-proof traceability. A reliable log with a timestamp, user, parameters, and hit analysis is missing. This is insufficient for compliance documentation. Furthermore, data protection bodies warn against insufficient data accuracy and possible hallucinations.
Data in free services may be processed in logs or for training. For EU companies, this poses a risk concerning confidentiality, commissioned processing, and third-country transfers.
What specific risks arise from this?
Firstly, in data protection: trade secrets and personal data in prompts are sensitive.
Secondly, in liability: a false positive or an overlooked hit without a screening log is difficult to defend in an audit.
Thirdly, in up-to-dateness: sanctions lists are constantly changing. Errors are possible without a secured update process.
What should SMEs consider for a secure process?
Clear steps: Regularly screen master data against the relevant lists. Professionally verify and document all hits. Consistently maintain a blacklist and whitelist. Absolutely secure all logs. Also, utilize interfaces to screen order processes before execution. These points can be implemented efficiently and cost-effectively with specialized software.
Why PYTHIA is a good fit here
PYTHIA automatically screens business contacts against the authoritative lists. EU CFSP, UK HMT, Swiss SECO, US CSL, and UN 1267 are covered. Single checks, batch screening, and an API for real-time checks are possible. Results are logged and demonstrable. Blacklist and whitelist can be managed.
The software is available as SaaS in the cloud or on-premise. The interface is available in German and English. It is multi-client capable with access rights management. Implementation and production rollout are possible in the short term.
What are the arguments for PYTHIA from the perspective of IT and Purchasing?
For IT: Low operating effort, flexible interfaces, and expandability based on the CyberEnterprise business OS. For Purchasing and Sales: No media disruptions, clear approvals, reliable logs for audits.
The Advantages of PYTHIA for Decision-Makers
Price advantage for SMEs through efficient batch screening and automated night runs. Simple implementation in the cloud or on-premise. Reliable hit logic with Damerau-Levenshtein and Double Metaphone for similarly spelled or sounding names. Traceability through complete logs. Multi-client capability for group structures. Ready for immediate use.
Thank you for the interview!
FAQ about PYTHIA
Which lists does PYTHIA cover?
EU CFSP, UK HM Treasury, Swiss SECO, US CSL, UN 1267.
How are hits evaluated and documented?
Hits appear in a list, are analyzed, and logged. Blacklist and whitelist are included.
Is the solution multilingual and multi-client capable?
Yes. German and English. Multi-client capable with access rights management.
How fast is the implementation?
Configuration and production rollout are possible in the short term.
What are the advantages for Management and Operations?
Legal certainty through strict, process-supported screening and comprehensive logging. Fast single or batch screening, seamless integration.
Sanctions list screening is mandatory. Request a PYTHIA demo now and screen your master data today with a productive test run: pythia.classix.de/en
