The most frequent questions we receive on internal controls: Policies, instructions and procedures as internal controls Internal controls are multiple different actions and tools working together to form a comprehensive package of measures which are the means to minimize the sanctions risks to your company. There should be an inherent interplay between the findings ofContinue reading “Sanctions Compliance Program- Internal Controls”
The most frequent questions we receive on risk assessment: What is a risk assessment? A risk assessment is the means of identifying areas in your organization’s operations where there is inherent risk for potential sanctions violations or misconduct. Effective risk assessments are conducted regularly or as an ongoing exercise using a defined risk-based methodology thatContinue reading “Sanctions Compliance Program- Risk Assessment”
Management Commitment means that senior management ensures the organization’s compliance with applicable sanctions programs by promoting a “culture of compliance” within the organization. This means that senior managers ensure that employees are aware of their responsibilities, inspire them to be compliant, and allocate adequate resources to enable the organization to be compliant.
While we do not have complete results from Tuesday’s midterm election and the balance of both houses is still to be officially decided, what is certain is that the outcome from the election sets the ground for a much more complicated picture for US sanctions over the next two years. Biden still retains the powerContinue reading “What do the US Midterms Mean for Sanctions?”