by ACSS | Jan 15, 2022 | Articles
By Tae Young Bae, ACSS Reporter January 15, 2022 The importance of performing due diligence to adhere to sanctions regulations cannot be understated. With financial and criminal penalties for violations ready to be imposed by the Office of Foreign Assets Control...
by ACSS | Jan 8, 2022 | Articles
By Saskia Rietbroek, CSS January 8, 2022 A conviction by a Danish court for violating EU sanctions against Syria has underscored the knowledge governments expect of companies of the end destination of their products. In the case, it was reported that the defendants...
by ACSS | Jan 1, 2022 | Articles
By Daniel Martin January 1, 2022 There can be a tendency to treat sanctions and export control matters as binary: either the trade or transaction is permitted or it is not. Of course, it is not that straightforward. There is a third category of intermediate activities...
by ACSS | Dec 25, 2021 | Articles
By Steve Marshall December 25, 2021 Global trade today presents a myriad of sanctions compliance issues for every participant in the supply chain. Establishing appropriate sanctions compliance programs in financial institutions that are related to global trade...
by ACSS | Dec 18, 2021 | Articles
By Benoit Beaulieu, ACSS Reporter December 18, 2021 As Nordstream 2 nears completion in preparation for transporting billions of cubic feet of natural gas, the Office of Foreign Assets Control (OFAC) announced in November new designations against...
