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
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