Regulation
Analysed the relevant US and EU sanctions requirements.
Client matter · Sanctions compliance
Sanctions Compliance for International Operations
International operations exposed the company to US and EU sanctions requirements affecting customers, counterparties and goods.
The starting point
Business environment
- The client's activities were affected by US and EU sanctions regimes.
- Recommendations were needed for individual goods and wider business processes.
- Counterparty screening had not been formalised in a single procedure.
Required internal system
Recommendations
Prepared guidance on individual goods and general compliance rules.
KYC and due diligence
Introduced procedures for screening customers and counterparties.
Training
Explained warning signs, escalation points and preventive measures to employees.
Legal work
AnalysisIdentified restrictions relevant to the client's activities.
GuidancePrepared working memoranda and practical recommendations.
ProceduresDeveloped KYC and due-diligence screening procedures.
TrainingTrained employees to identify and prevent potential violations.
Implementation
The company received a sanctions risk framework, internal guidance, screening procedures and a basis for regular compliance oversight.
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