Sanctions compliance tips for a dynamic global landscape

Sanctions compliance tips for a dynamic global landscape

Kenneth Feinstein, Rob Brunner, Daniel J. Castleman
Risk, Investigations & Analytics

The corporate compliance landscape has shifted considerably in recent years, highlighted by the de facto deregulation of white collar crime juxtaposed against the increased focus on global trade. Necessarily, the ongoing COVID-19 pandemic has once again shifted the landscape. The current regulatory environment, saddled with the additional weight of disruption caused by a growing pandemic, could increase a company’s exposure to trade sanctions. Among other impacts, violations could have a destructive impact on a company’s reputation and ability to engage with third parties on a global scale, and/or give rise to substantial penalties. Effective monitoring programs can directly reduce the likelihood of these consequences.

In this Law360 article, Ken Feinstein, Rob Brunner, and Dan Castleman discuss how industries need to maintain vigilance while evolving their global business practices.

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