European Commission
The European Commission is the executive branch of the European Union (EU) responsible for implementing policies and enforcing eu laws. It plays a crucial role in maintaining international security by imposing sanctions to respond to violations of international law and human rights abuses.
Mitigate risk with our comprehensive screening solutions for your AML and sanctions compliance.
1 List
List Name | Records |
---|---|
Early Detection and Exclusion System by European CommissionThe Early Detection and Exclusion System (EDES) by the European Commission helps ensure that individuals and organizations that pose a risk to EU funds are identified and excluded from receiving them. This system aims to protect public resources by maintaining a list of those who have engaged in serious misconduct or fraud. | 7 |
FAQs
Why is compliance with the European Commission necessary?
Complying with sanctions published by the European Commission is essential to maintaining legal and economic stability. Failure to adhere to these regulations can result in significant legal consequences, including fines and restrictive measures. Moreover, compliance ensures that businesses operate within the framework of international law, promoting a responsible and ethical trade environment. Adhering to these sanctions also helps to support the EU's efforts in promoting peace and security on a global scale, underscoring their importance.
Which companies should comply with European Commission?
The European Commission's sanctions impact a variety of industries, including financial services, energy, and export-import trade. Companies operating in these sectors must comply to avoid penalties and ensure legal operation within the EU. Non-compliance may result in financial loss, damage to reputation, and legal action, highlighting the importance of adhering to sanctions regulations.
APIs
Data License
Solutions
Pricing