Companies based in the EU generally need
to worry only about sanctions and restricted party lists arising from EU
embargoes or the various bodies of national law.
There are two types of embargoes whose
annexes need to be included when screening business partners. First, there are
embargoes against persons derived from the EU anti-terrorism regulations
881/2002 (ISIL/Daesh and Al-Qaida), 2580/2001 (suspected terrorists), and 753/2011
(Afghanistan) including all amending regulations.
Then, there are country-specific EU
embargoes with attached lists of names. These apply to countries including
Iran, Iraq, Democratic Republic of the Congo, North Korea, and Sudan.
The websites of the responsible national
authorities include the anti-terror regulations as well as a current list of
country-specific embargoes, some of which include name lists in their annexes.
The United States asserts worldwide
authority for its export control laws. Businesses whose activities fall under
US jurisdiction must ensure compliance with US law. This applies even when the
company is based in the EU and not in the US. The US maintains a number of
blacklists with different backgrounds and legal consequences. Worldwide
jurisdiction is claimed only for a handful of these blacklists.