Are you aware of the various restrictions on doing business with individuals and companies from countries targeted for economic and trade sanctions by your government? And if you are clear on such sanctions, are you and your company doing what’s necessary to comply? Law firm Dechert:
“Companies will have been bombarded with information and general advice regarding sanctions issues such as economic sanctions aimed at freezing the funds of designated entities and individuals, arms embargoes and restrictions on the provision of associated technical assistance, training, insurance, logistics and financing.
However, many companies are less familiar with the finer nuances and risks of unwittingly committing offences under facilitation and circumvention measures and the associated risks for your organisation based on the actions of board members, employees and third parties.”