Thomson Reuters ONESOURCE Global Trade aims to streamline every aspect of the regulatory and compliance experience for companies across the globe. To accomplish this, we have to stay on top of the ever-changing global trade landscape and maintain the most comprehensive, up-to-date data available. With our recent partnership with Dow Jones, ensuring compliance just got easier.

The U.S. Office of Foreign Assets and Controls (OFAC), along with several other agencies, requires that companies block not only entities and parties on the Sanctions List, but also companies who are owned, totally or in part, by those blocked entities. Dow Jones now provides us with their Sanctions Beneficial Ownership List to enhance our ONESOURCE Global Trade Denied Party Screening tool. While we have access to hundreds of government lists of denied entities, the Dow Jones’ Sanctions Beneficial Ownership List goes one step further by associating denied entities with companies owned by those individuals or parties. This partnership offers a more robust screening process against sanctioned entities for compliance professionals.

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