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Over the past decade, international trade sanctions have become an increasingly prominent foreign policy instrument – a tool that enables governments to restrict the cross-border movement of goods, services and information. Consequently, businesses face a far more complex sanctions environment, characterised by expanding regulatory requirements, greater international coordination and stricter enforcement measures.

In response, organisations must implement robust and effective compliance programmes. A modern sanctions compliance programme should be risk-based, proportionate and tailored to the specific circumstances of each company. There is no universal approach – what is suitable for one organisation may not be appropriate for another, and enforcement agencies emphasise that an adequate compliance programme depends on factors unique to each organisation.

Compliance professionals therefore need access to reliable tools that support their organisations in meeting and maintaining regulatory expectations. High-quality data is particularly critical, as it enables compliance teams to identify potential sanctions risks and make informed strategic decisions regarding transactions and counterparties.

Looking ahead, international sanctions are likely to remain a central feature of global trade and geopolitics for many years. As authorities intensify efforts to combat sanctions evasion, it is essential for companies to maintain a clear and comprehensive understanding of their compliance obligations.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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