While some economic sanctions are regionally focused, regulations established by the U.S.
Office of Foreign Assets Control (OFAC) and the UN impact companies internationally. Failure to comply can have severe consequences, including financial penalties, criminal proceedings, and devastating reputational damage.
In this guide, we outline how and why to it is vital to implement comprehensive due diligence practices into your compliance procedures, including sanctions screening, vessel tracking, document verification, and more to understand who you are in business with.