MAKING SENSE OF SANCTIONS BABEL
February 3rd, 2013
TRANSLITERATION and translation have become inescapable challenges for financial institutions and other companies striving to comply with international sanctions.Precise identification of a sanctions target named in a foreign language is often difficult, but is essential for efficient screening of transactions that should be controlled or blocked in line with blacklists issued by national authorities (and the European Union (EU)), and those based on the comprehensive list issued by the United Nations (UN) Security Council.Imperfections in the transliteration into ...
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