Recent changes to global sanctions regimes – along with some high-profile and costly sanctions violations – illustrate the importance of mitigating sanctions risks. Our recently-released eBook, “Better safe than sorry: The case for building a robust sanctions programme,” takes a closer look atthe costs of compliance failures and advises companies on how to implement a robust compliance programme.
Sanctions regimes can go on for years; the UN Security Council sanctions against North Korea have been in place for a little more than a decade, and U.S. sanctions against Cuba have continued for 50 years. Often geopolitical issues are at the heart of changes in sanctions – both in their strengthening or easing. Just this year (2017), we’ve seen clear evidence of this with a number of new or mooted sanctions by the UN, U.S. and EU.