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Iran and the US announce new sanctions as Washington-Tehran tensions mount.

Politics appears to be approaching the speed of business. US sanctions were issued last week in response to Iran’s recent ballistic missile test. The sanctions target 13 people and 12 companies, including groups in China, Lebanon and the United Arab Emirates. Global sanctions are a critical component of due diligence and risk mitigation. Global sanctions in today’s political climate may be issued and withdrawn with more alacrity with less advance notice.

Is your global sanctions and watch lists tool built for today’s fluid political environment?

WorldWatch Plus refreshes global sanctions data every 24 hours. The US sanctions announced Friday appeared in WorldWatch Plus searches within hours. Database solutions that rely on analysts to build records may still be collecting information days or weeks after the sanctioning event. Equally as important, sanctions lifted on January 26 were also appropriately removed from WorldWatch Plus searches hours later. The timeliness of WorldWatch Plus results is owed to the process of refreshing data every 24 hours from more than 1600 official government sanctions sources around the world and from more than 1100 official government PEP sources. The WorldWatch Plus results pulls the current information from the official government source, therefore reflecting the accurate current status of an entity or individual being on the sanctions list or not.

Global sanctions due diligence represents a critical risk mitigation step for firms complying with anti-money laundering, anti-bribery, and know-your-customer policies and regulations. Businesses need to know whom they are employing, servicing, reselling or procuring. If the question is critical to ask, the timeliness of the data should be equally as critical.

For more on the US-Iran sanctions and political developments, read the full article at: www.aljazeera.com