Sanctions screening

Sanctions screening in the Energy, Power & Commodities sector has become one of the more operationally demanding compliance obligations in the market, driven by designations from the U.S. Department of the Treasury's Office of Foreign Assets Control targeting Russian energy counterparties, Iranian petrochemical networks, and Venezuelan state-owned entities. The U.S. Department of Commerce's Bureau of Industry and Security and the European Commission's Directorate-General for Energy have layered additional controls on dual-use commodities and gas supply contracts, forcing compliance teams to reconcile overlapping screening obligations across the same transaction. Firms with physical trading desks are now rescreening counterparties at execution, not just onboarding.