The necessity of sanctions inspections is based, above all, on the EU sanctions regulations, which are directly binding law in Finland and thus apply to all companies and natural persons operating in Finland. Several EU sanctions regulations have been adopted, and on the basis of them, numerous companies, groups and individuals from around the world have been placed under EU sanctions. Some of the sanctions imposed by the UN have also been implemented in Finland. The Freezing Act (Act on the Freezing of Funds to Combat Terrorism 3.5.2013/325) and the KRP maintains a list of national freezing orders. In practice, transactions are not allowed to be entered with entities on the abovementioned lists.

Company Analysis
DOKS provides a comprehensive analysis of the entities in the target material. The analysis includes for example, up-to-date address information, industries, belonging to different registers and possible exceptional situations, such as restructuring and bankruptcies. In addition, the analysis contains useful information on the nationalities of business representatives.

A separate report containing details of the hits will be provided for potential sanctions hits.

Company analysis can be used to concretely demonstrate that the company has carried out a sanctions screening of target companies. In addition, the analysis can be utilised, for example, as part of a due diligence prosess. The service can be used to quickly obtain clarification in relation to customers, subcontractors, suppliers, tenants or other stakeholders.

Malliraportti 1, pdf
Malliraportti 1 englanniksi, pdf
Malliraportti 2, pdf
Malliraportti 2 englanniksi, pdf

DOKS® platform
If sanctions screening is to become an established part of a company’s operating process, DOKS is an effective solution for continuous monitoring of target companies. Companies and natural persons stored in the platform are automatically subject to daily sanctions screening. In addition, DOKS can be used to retrieve basic company data and reports and to send customized forms to contractors when establishing a contractual relationship or evaluating stakeholders.

Possible sanctions hits are collected in a separate view, from where they can be analysed in more detail. If it is not possible to directly interpret the hit as a false positive, DOKS can be used to send a request for clarification to the representative of the target company.

DOKS® API service
We offer a modern interface service that can be easily connected to various information systems. The interface service can be used to outsource all the complex and heavily maintained steps required to implement sanctions screening.

In terms of technology, the DOKS API service has been implemented with the REST principle, which is a method of building an interface architecture based on HTTP calls. The JSON format is used as the data transfer format. The implementation of the interface is quick and easy.

Sanctions screening is based on comparing names against sanctions lists. DOKS uses the most advanced technology on the market to compare names. The comparison algorithm can be used to minimise the number of false positives and, on the other hand, to ensure that relevant matches are found.