Sanctions-Compliance

Sanctions compliance – more relevant than ever 

Importance of sanctions compliance

An increasingly complex geopolitical situation worldwide is leading to a steadily rising number of sanctions from various sanctioning bodies. Some of these sanctions conflict with each other or with the anti-boycott regulations applicable to economic agents. Especially since Russia’s war of aggression against Ukraine, companies engaged in foreign trade have been faced with a host of regulations that need to be managed.

We believe that effective anti-financial crime compliance must prioritise the prevention of sanction violations in addition to combating money laundering and terrorist financing in order to protect companies, executive bodies, employees and business partners effectively from legal and reputational risks.

To avoid risks, you need to know your business partners

It is only by knowing who you are really doing business with that you can avoid breaching prohibitions under sanctions law, even if banned individuals are supported only indirectly and/or unintentionally.

We can assist you in finding out who your business partner is, whether sanctioned persons are involved in the business relationship, whether any of your business partner’s shareholders are sanctioned, and whether there are other relevant contacts with sanctioned individuals.

We minimise your risk by providing practical, real-world advice

We examine possible breaches of applicable sanctions law and help you to identify and avoid potential risks early on.

In particular, our portfolio of services also includes assessing liability risks under foreign trade law from the viewpoint of criminal law and the law on administrative fines, especially if sanctions or boycott bans are breached.

Please get in touch with us at any time if you need advice. 

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