Greenland Enhances Sanctions Screening Capabilities

Strengthening Defenses Against Illicit Financial Activities

In an effort to safeguard its economy and prevent the flow of tainted funds, Greenland is placing a premium on advanced sanctions screening tools. The country’s regulatory authorities are working around the clock to stay ahead of emerging threats, with a focus on cutting-edge technology that can help identify and flag potential risks.

Prioritizing Sanctions Screening

• 24/7 Monitoring: Experts from across the globe, stationed in over 240 countries and territories on five continents, monitor major sanctions lists, including those compiled by OFAC, the EU, and the UN.
• Comprehensive Data Coverage: Over 57,000 active sanctions records are part of the World-Check sanctions-screening coverage.

Leveraging Global Information Resources

• 10,000+ Global Lists: Greenland’s researchers draw on a vast network of information resources, including global lists, sanction and regulatory listings, and official government sites.
• 900+ Sanction and Regulatory Listings: Each month, the country adds some 50,000 new records to its database, providing an ever-evolving picture of potential risks.

Bolstering Financial Integrity

The move is part of a broader effort to prevent illicit activities from taking root in Greenland’s economy. As the country continues to navigate the complex landscape of global finance, sanctions screening tools will play a critical role in its ongoing quest for transparency and accountability.