Economic sanctions have been increasingly used by countries and international organizations as a tool of foreign policy and national security. This increase in the use of sanctions, particularly by the U.S. Department of the...more
6/11/2021
/ Audits ,
Contractual Safeguards ,
Due Diligence ,
Economic Sanctions ,
Foreign Policy ,
Foreign Subsidiaries ,
Internal Controls ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Special Purpose Acquisition Companies (SPACs) ,
Training
As virtual assets explode in value, use, and popularity, governments around the world are taking notice, increasing sanctions-related scrutiny of companies that provide related services and focusing regulatory and enforcement...more
Despite a shift in the sanction landscape, it will take time for enforcement activity to catch up. As a result, organizations should regularly examine their exposure with business partners around the globe and consult with...more
2/19/2021
/ Biden Administration ,
China ,
Cuba ,
Economic Sanctions ,
Export Controls ,
Foreign Relations ,
Internal Controls ,
Iran ,
Iran Sanctions ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Risk Assessment ,
Russia ,
Venezuela
For international businesses, the costs of a weak sanctions compliance program can be steep, impacting both a company’s reputation and its bottom line. This year alone, the Treasury Department’s Office of Foreign Assets...more
Many private sector firms may understand the important role economic sanctions play in U.S. foreign policy. However, many businesses that operate internationally lack awareness of how such multinational operations expose them...more
6/5/2020
/ Cosmetics ,
Economic Sanctions ,
General Electric ,
Multinationals ,
Office of Foreign Assets Control (OFAC) ,
Retail Market ,
Shipping ,
Software ,
Supply Chain ,
U.S. Treasury ,
US Department of State