--- title: What Mid-Size Companies Don't Know About Compliance Screening description: "Read our article featured in SupplyChainBrain, \"Having a database isn’t the same as having a process when regulators knock at the door.\" " image: https://www.blueumbrella.com/hubfs/Feature%20Image%20June%202021%201.png --- [![BU Primary Logo_1. Triangle Main](https://www.blueumbrella.com/hubfs/00_Redesign2022/Blue%20Umbrella%20Branding/BU%20Primary%20Logo_1.%20Triangle%20Main.png "BU Primary Logo_1. Triangle Main")](https://www.blueumbrella.com/) [![BU-Primary White Logo](https://www.blueumbrella.com/hubfs/00_Redesign2022/Blue%20Umbrella%20Branding/BU-Primary%20White%20Logo.png "BU-Primary White Logo")](https://www.blueumbrella.com/) #### products Blue Umbrella delivers a potent combination of powerful risk management tools, innovative technology and research excellence. [Explore all products](https://www.blueumbrella.com/products) [Status](https://www.blueumbrella.com/status) For large enterprises with tens of thousands of business relationships, Status integrates all information and workflows to run a global compliance program. [Research](https://www.blueumbrella.com/research) Blue Umbrella offers tailored third-party risk intelligence reports, safeguarding organizations from regulatory or reputational risk. Media ## What Mid-Size Companies Don't Know About Compliance Screening ![Blog-Section0-Header-Image-Bees](https://cdn2.hubspot.net/hubfs/5164326/Nov%202019/Phase%202/Images/Blog-Section0-Header-Image-Bees.png) As the geopolitical picture becomes increasingly tense and complex, companies without solid compliance systems will face severe consequences if the OFAC comes knocking. The good news? Regulators tend to show leniency towards companies who showcase foresight and preparedness. I recently contributed an article to [SupplyChainBrain](https://www.supplychainbrain.com/blogs/1-think-tank/post/33242-is-your-company-ready-for-a-supply-chain-compliance-alert) that outlines how to fortify your compliance plan to avoid situations that could quickly become extremely damaging. In part: “While many larger firms have good plans in place, I’ve found that mid-sized ones tend to treat compliance risks as check-the-box exercises. Maybe they think they’re covered because they closely monitor a database that screens incoming sanctions announcements from the U.S. Office of Foreign Assets Control or other bodies. That works until an alert flashes about new OFAC sanctions on one of the company’s third-party suppliers, for example. At that point, the firm will need much more than a database to avoid a situation that could quickly turn expensive and disruptive.” [READ THE FULL ARTICLE](https://www.supplychainbrain.com/blogs/1-think-tank/post/33242-is-your-company-ready-for-a-supply-chain-compliance-alert) – Having a database isn’t the same as having a process when regulators knock at the door.  [Media](https://www.blueumbrella.com/insights/tag/media) ![Allan Matheson](https://www.blueumbrella.com/hubfs/02-Headshot.webp) ### [Allan Matheson](https://www.blueumbrella.com/insights/author/allan-matheson) Allan personifies the company vision — he is leading the movement to better business relationships in a more ethical, compliant, transparent environment. As CEO of Blue Umbrella, Allan is responsible for strategic development and execution, management, and embodying the corporate culture. 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They are also at the mercy of rapidly changing regulations which can vary among jurisdictions.... [![](https://www.blueumbrella.com/hubfs/life%20sciences%20-%20iStock-1327426565.jpg) ](https://www.blueumbrella.com/insights/what-are-the-top-5-considerations-of-life-sciences-compliance) Posts #### [What are the top 5 considerations of life sciences compliance?](https://www.blueumbrella.com/insights/what-are-the-top-5-considerations-of-life-sciences-compliance) Life sciences are under increased scrutiny from regulators and, due to COVID, have faced unprecedented challenges. This has increased pressure to remain innovative with their technology remaining... 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