Sanctions Policy

A sanctions policy is a set of rules created by governments or organizations to restrict or prohibit economic activities with certain countries, entities, or individuals. This is usually done to promote national security, enforce international laws, or encourage changes in behavior, such as stopping illegal activities or human rights violations. The policy guides how businesses and financial institutions handle transactions, ensuring they do not unintentionally support prohibited parties. Essentially, it’s a tool to enforce international standards and influence conduct through targeted restrictions.