A sanction list is a compilation of countries, people, or organisations that are subject to trade or economic restrictions by the government or international organisation. You can view the official UK sanctions list on GOV.UK. Sanction lists are closely related to embargo restrictions applied between countries.
In international trading, trade sanctions are implemented to restrict import and export activities with certain foreign targets intended to achieve political or diplomatic goals.
Customs officials play a crucial role in enforcing sanctions lists by inspecting imports and exports to ensure that they do not include sanctioned individuals, entities, or countries. There may be serious legal and financial repercussions if sanctions are not followed. Businesses can use iCustoms’ denied party screening tool to automatically check against global sanction lists and stay fully compliant with trade compliance requirements.