Clifford Chance

Sanctions - A Global Perspective

30 November 2015

Over the last decade, US authorities have enlisted others in the international community in the effort to curb nuclear proliferation, terrorism, and political oppression through economic sanctions.  Now regulators and enforcement agencies outside the United States are increasingly cooperating in their focus on compliance with sanctions laws and regulations as part of a worldwide crackdown.  The risk of prosecution or other official censure is rising and there are practical, commercial and civil risks for businesses that find their transactions are affected by new or emerging sanctions.  New sanctions can be imposed at any time in response to changing political events: what may be permitted today, may not be allowed tomorrow.  It is a constant challenge for international businesses to keep on top of those changes.  The risk of significant fines, and imprisonment, is rising for those who fail to appreciate and address this callenge.  Here Clifford Chance experts from across the globe give an overview on sanctions and the risks that organisations face.

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