Are you ready to navigate the risky waters of third-party pirates?
Most sanctions violations do not happen because companies intentionally want to evade and violate sanctions. They happen because companies trust the wrong third party.
The epsilon and elf enforcement matters, which I frequently speak about, demonstrate that companies get in trouble when they have weak distributor oversight, poor intermediary screening, inadequate beneficial ownership review, and failure to monitor diversion risks.
Regulators expect companies to understand counterparties, trace payment flows, identify transshipment risks, and monitor red flags continuously.
Third parties create the highest sanctions exposure because they operate beyond direct company control and visibility.
If your company cannot explain exactly who your third parties are doing business with, regulators are going to find you liable.
The Ethics and Compliance Q and A show is produced by One Stone Creative.
