Risk Management Services

ANTICIPATING THE NEEDS OF THE UNDERSERVED.

OFAC Debarment Screening Lists

 

BCS provides services to help companies manage supplier risks associated with terrorism, money laundering, identity theft, and fraud.

Screening Vendors Against Federal Compliance Requirements

Depending on your industry, federal laws may require that companies screen each vendor, contractor, and employee’s debarment status against certain exclusion databases. These federal databases include but are not limited to:

General Services Administration’s (GSA) Excluded Parties List System (EPLS)

GSA (General Services Administration) identifies those parties excluded from receiving federal contracts, certain subcontracts, and certain types of federal financial and non-financial assistance and benefits. They maintain the EPLS (Excluded Parties List System) which keeps its user community aware of administrative and statutory exclusions across the entire government and of individuals barred from entering the United States.

Office of Foreign Asset Control’s (OFAC) Specially Designated Nationals List (SDN)

The OFAC (Office of Foreign Asset Control) is part of the U.S. Department of the Treasury. OFAC is responsible for administering and enforcing economic and trade sanctions against certain nations, entities, and individuals. OFAC maintains a listing of these restricted counterparties in a document called the "Specially Designated Nationals List" (SDN).

Bureau of Industry and Security (BIS) Denied Persons List (DPL)

BIS (the Department of Commerce's Bureau of Industry and Security) maintains two lists for Contract Officer consideration. They are the "Denied Persons List" and the "Entity List". For transactions that may involve exports from the United States or re-exports of U.S. origin items, parties (including U.S. Government officials) are encouraged to review the Export Administration Regulations (15 C.F.R. 730 et. seq.) maintained by BIS.

Office of Inspector General’s (OIG) List of Excluded Individuals/Entities (LEIE)

The OIG (Office of the Inspector General) maintains the List of Excluded Individuals/Entities (LEIE), a database which provides information to the public, health care providers, patients, and others relating to parties excluded from participation in the Medicare, Medicaid, and all federal healthcare programs. An OIG exclusion has national scope and is important to many institutional health care providers because the Congress of the United States established a Civil Monetary Penalty for institutions that knowingly hire excluded parties.

How BCS Will Ensure Your Company’s Federal Compliance

It is integral for all businesses that are receiving federal funding or making payments to include a provision in their compliance policies to ensure that they are not doing business with restricted individuals or entities placed on the OFAC list.

BCS maintains a list of your suppliers, contractors, and employees and regularly checks the OFAC screening of vendors, which are continuously updated. BCS notifies you electronically with the identity of those individuals and entities when they are placed in these exclusion databases. Additional suppliers, contractors, and employees can be added to your database at any time.

Contact BCS for a free trial or for more information on our OFAC debarment screening and how we can help manage your supplier risks and ensure your company maintains federal compliance.

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