This paper discusses the nature and importance of financial and trade sanctions and sanctions screening. Sanctions are measures implemented by governments to restrict or prohibit trade with parties involved in illegal activities, while sanctions screening is a process that detects potential matches between organizational operations and global sanctions lists. Despite its simplicity, sanctions screening is complicated by multiple variables such as international languages, culture, spelling, aliases, and technological limitations.

The white paper presents a comprehensive look into the impact of fraud on organizations, and the benefits of controls automation. It highlights the growing problem of internal and occupational fraud, using Amazon‘s $9.4 Million fraud case as an illustrative example. The paper underscores the need for more stringent controls and automation, offering insights into the driving factors for automation, and the tangible and intangible returns on investment.

In this white paper we look at why SAP GRC is so important, and how your company can benefit from it.