Blacklist and Whitelist

Blacklists and whitelists are tools used in compliance and security to manage access and interactions with certain entities. A blacklist identifies individuals, entities, or countries that are considered high-risk or prohibited from conducting business. In contrast, a whitelist includes those that have been approved for interactions or transactions, indicating a lower risk profile.

Using blacklists and whitelists helps organizations streamline their compliance processes by ensuring that only vetted parties are engaged in business transactions and high-risk associations are avoided.