Sanctions Compliance

Sanctions compliance refers to the measures individuals and organizations take to ensure they do not violate laws that restrict or prohibit trade, investment, or business dealings with certain countries, entities, or individuals. These sanctions are often imposed by governments to achieve foreign policy goals or national security objectives. Compliance involves understanding and following these regulations, screening transactions against government lists of sanctioned parties, and developing internal policies to avoid engaging in prohibited activities. Failure to comply can lead to legal penalties, financial losses, and reputational damage.