Member Profile – Kenneth Barden: How to Get a Foot in the Public Sector Door

February 20, 2018
By Anna Sayre, Legal Content Writer SanctionsAlert.com

The use of sanctions as an international regulatory and compliance tool has risen exponentially in recent times. The increasingly complex nature of these sanctions programs has led to the need for qualified persons equipped with the knowledge to tackle the day-to-day compliance and operational duties brought on by the ever-changing rules that govern sanctions policy.

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Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up
February 9, 2018

E.U. (Almost)Mirrors U.S. Sanctions by Designating Seven Venezuelan Officials

On January 22, 2018, the E.U. Council placed 7 officials onto its Venezuela sanctions list. The officials have been designated for allegedly being involved in the “non-respect of democratic principles or the rule of law as well as in the violation of human rights”. The E.U., following suit with U.S. sanctions issued in August 2017, originally imposed their own economic sanctions and arms embargo against Venezuela in November 2017.

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Deciphering Multi-Faceted Venezuelan Sanctions –Top Ten Practical Tips to Stay Compliant

January 24, 2018
By: Anna Sayre, Legal Content Writer, SanctionsAlert.com

The recently imposed Venezuelan sanctions issued by the U.S., the E.U., and Canada have placed heavy burdens on sanctions compliance programs. This has made it much more difficult for companies and financial institutions who engage in business with the troubled South American nation to stay compliant.

Not only are these new sanctions on Venezuela detailed, multilateral, multi-faceted, and yet to be properly defined, but designated entities (or those businesses connected to them) are not always easily identifiable.

Many compliance suites are having trouble navigating these muddy waters.

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The Complexities of Dealing with Iranian Business Counterparts – Tips and Practicalities

January 8, 2018

Since the implementation of the Joint Comprehensive Plan of Action, or JCPOA, in early 2016, the international community’s plan to slowly ease sanctions against Iran has led to banks and financial institutions becoming increasingly unsure about which transactions are allowed and which are still too risky to undertake. As such, compliance officers and other professionals have had to navigate extremely treacherous waters. (more…)

Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up
December 28, 2017

UK Parliament Publishes Report on Potential Compliance Impact of ‘Post-Brexit’ Sanctions

On December 17, the UK Parliament’s European Union External Affairs Sub-Committee published a report on British sanctions policy, including the likely legislative framework for sanctions in a post-Brexit Britain. Deeply buried inside the 50-page report is a section with useful information for sanctions compliance professionals who may wonder to what extent businesses operating in the UK will be affected by any Brexit-inspired changes. (more…)

SanctionsAlert.com Member Profile – Debra Geister: Entering the Sanctions Field With An Operational Background

December 22, 2017

The issue of OFAC/sanctions compliance cuts to the root of concerns among compliance officers at corporations and financial institutions doing business internationally.

The increasingly complex nature of sanctions programs has led to the need for qualified persons equipped with the knowledge to tackle the day-to-day compliance and operational duties brought on by the ever-changing rules that govern sanctions policy.

In order to gauge a real-life perspective of those in the business, SanctionsAlert.com has taken the time to ask sanctions professionals what they think is the best way of breaking into the sanctions field and how they see the future of the sanctions industry unfolding.

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