Coriolis Technologies and the Institute of Export & International Trade launch real-time online sanctions tracker
APPG for Trade and Investment Supporters Network Members Coriolis Technologies and the Institute of Export and International Trade have partnered to launch an online sanctions tracker to help businesses navigate the complexity of trading restrictions imposed on Russia, and Belarus, in the last few weeks.
Any business involved in international trade, whether importing, exporting or part of the supply chain is faced with a rapidly changing regulatory environment. In particular manufacturers, distributors, and SMEs need to keep up with the changing global sanctions due to the Russia Ukraine crisis.
Coriolis Technologies and the Institute of Export & International Trade (IOE&IT) have partnered to launch an online sanctions tracker to help businesses navigate the complexity of trading restrictions imposed on Russia, and Belarus, in the last few weeks.
The dynamic tool is free to use and covers US, EU and UK sanctions against companies and individuals, dual-use goods, and specifically sanctioned goods.
Unlike other static sanctions trackers in the market, the real-time sanctions tracker aggregates data directly from a range of global government sources, including UN, EU and UK dual-use goods lists, the UN, US and EU Consolidated Screening Lists, and US Sanctions List (OFAC), among others, before presenting the information in a dynamic, searchable database.
As new sanctions are released, new and relevant sources will be added to ensure that the most up to date and available information is present in the tracker.
Users can search the following:
- Dual-Use goods;
- US Sanctioned persons;
- US Sanctioned companies;
- UK Sanctioned persons;
- UK sanctioned companies;
- EU Sanctioned persons;
- EU sanctioned companies;
- OFAC Sanctions - Specially Designated Nationals;
- OFAC Sanctions – Consolidated; and
- Sanctioned goods, including luxury goods, oil and gas.
The real-time global sanctions tool can be viewed online at:
Coriolis Technologies Chief Executive, Dr Rebecca Harding said:
“In troubling times, I am proud to be able to divert resources from the development of our recent ESG tracking tool to build something reactive that can help SMEs navigate in a rapidly changing landscape. Coriolis Technologies is committed to applying our research, technology and workforce to help SMEs access all aspects of the industry. We believe that the real-time sanctions tracker will allow them to identify sanctions that will impact their world quickly.”
Institute of Export & International Trade director general, Marco Forgione said:
“It is imperative in times like these that traders have access to the right information, advice and guidance, to ensure that they comply with sanctions wherever they are in the world. The technology behind the Sanctions Tracker has been developed to help businesses ensure they do that.
“The IOE&IT is committed to supporting exporters to trade with confidence. Being able to access real time information on which sanctions will impact them will help keep legal trade flowing.”
About Coriolis Technologies:
Founded in 2017, Coriolis Technologies is the leading source of trade, corporate, geopolitical risk and trade-related economic data globally for the trade finance sector. Coriolis Technologies provides clear intelligence and insight into trade flows, supply chains and disruptions for trade and trade finance.
About The Institute of Export & International Trade:
It is the leading membership body for professionals and organisations involved in international trade with over nearly 7000 individual and company members.
The Institute provides education and training to the UK’s international traders, with over 11,000 courses delivered in 2021. By training, educating and supporting people in respect of trade and customs, it aims to make trading internationally first nature to UK firms.
The Institute has long used its expertise to offer consultancy services and partners with companies and the public sector to deliver services to traders. In the private sector the Institute offers cost effective advice and guidance to both its member companies and those who wish to have a more ad-hoc relationship. It also works, often with commercial partners, to help exporters directly tap its expertise, particularly in customs compliance.