How well

do you know your business contacts?

Compliance with the sanction guidelines

The Federal Republic of Germany, by virtue of its membership of various international bodies, has for a long time been obliged not to carry out sales of goods which could have a negative-enhancing effects in crisis areas or contribute to human rights violations.

In addition to the necessary examination as to whether deliveries of certain goods are prohibited or subject to authorization and whether they are from embargoed country, the trading companies are subject to a further inspection to ascertain the condition that is applicable to the goods.

As a result of the terrorist attacks of 11.09.2001, laws and regulations have been issued in many countries prohibiting business transactions with persons, associations, organisations or companies suspected of being in contact with terrorist suspects, groups and organisations (Al-Qaeda , Taliban, etc.). The prohibition of financial transactions or economic resources is intended to remove the economic base of these terrorist groups.

Sanction lists, which is also called anti-terrorist regulations or terrorist lists, are published and updated by different countries and institutions at a regular interval.

If a company fails to examine these embargo-list and conducts transactions with sanctioned groups, persons or institutions, the consequences of economic fines are extended to the deprivation of liberty under §34(4) and (7) of the Foreign Trade Act (AWG).

With Pythia, we provide you with a tool that allows you to perform a compliance screening in a simple way without multiple data collection and with limited central use.

Product sheet (german)

The advantages

For the Management

Legal compliance
Strict and process-supported testing of all business contacts
Running update service
Support of all relevant checklists

Comprehensive record verification in adherence to sanction guidelines

Business operation

Any person or company can be checked immediately and blacklisted or whitelisted

Business process-Integration
No media breaches by using records from partner data management systems or processing order

Pythia guides the user step-by -tep through the functions of the sanction monitors 

For IT

It has simple mode of  installation and operation

Data exchange with data transfer system is possible via various interface formats

It is functionally extensible through the development based ClassiX Architecture

Use Pythia how and where you like it.

A standard browser and a network connection are all you need to use the application anywhere, irrespective of the end device or operating system.

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