De nye reglene for utgående investeringer vil omforme landskapet for etterlevelse, og det er nødvendig for selskaper å forberede seg på en mer volatil verden. I denne siste artikkelen av vår tre-dels serie vil vi gå dypere inn på hvordan du best kan forberede deg på de kommende endringene. Hvordan kan selskaper forberede seg? DetContinue reading “Hvordan forberede seg på screening av utgående investeringer”
Tag Archives: Sanctions
Hva er det neste for utgående investeringsscreening?
I vår andre av tre artikler om screening av utgående investeringer, ser vi på forslagene fra USA og EU, og hvordan de vil påvirke nordiske selskaper i fremtiden. USA’s restriksjoner for utgående investeringer USA har vedtatt en relativt snever tilnærming, ofte referert til på engelsk som “small yard, high fence” strategien. Den nye amerikanske presidentorderenContinue reading “Hva er det neste for utgående investeringsscreening?”
What is Coming for Outbound Investment Screening?
In this second article of our three-part series on outbound investment screening, we explore the outbound investment screening proposals from both the United States and the European Union and their future effects on Nordic companies. US Outbound Investment Screening Regulations Turning our attention first to the US outbound investment screening, we find that the USContinue reading “What is Coming for Outbound Investment Screening?”
Outbound Investment Screening: What Does it Mean for Sanctions Compliance?
As tensions between China, Taiwan and the West have risen, there has been a lot of fervor around stemming technological and investment flows to Beijing. While outbound investment sanctions are relatively novel, they are not entirely new and thus can be studied and managed. This is the first post of three that will examine what weContinue reading “Outbound Investment Screening: What Does it Mean for Sanctions Compliance?”
Russian Oil Product Price Cap – What will it look like?
On 30 December 2022, US Treasury’s OFAC quietly released their preliminary guidance for the forthcoming price cap for the provision of services related to the maritime transport of Russian oil products. The cap is scheduled to be implemented by 5 February 2023 by the EU, G7 members and Australia. Much as with the crude oilContinue reading “Russian Oil Product Price Cap – What will it look like?”
Key Takeaways from OFAC Settlement Agreement with Danfoss A/S
On 30 December 2022, US Treasury’s OFAC announced its settlement with Danish company Danfoss A/S for causing US financial institutions to violate US sanctions on Iran, Syria and Sudan. The settlement was for over $4 million which was negotiated down from a statutory maximum of almost $22 million as a result of Danfoss’ extensive cooperationContinue reading “Key Takeaways from OFAC Settlement Agreement with Danfoss A/S”
Sanctions Compliance Program – Management Commitment
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.
Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict
The verdict against Dan Bunkering, Bunker Holding, as well as the chairman of Dan Bunkering and CEO of Bunker Holding, is monumental not only because it is a rare example of a criminal conviction for EU sanctions compliance failures, but because it confirms the scope and expectations for what it means to comply with EUContinue reading “Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict”
The shipping industry faces expanded risks from the new U.S. Russia sanctions
A collaboration with Windward to examine the risks to the shipping industry from the latest U.S. sanctions on Russia. Check out the article: “The shipping industry faces expanded risks from the new U.S. Russia sanctions”
How should Nordic Banks and Companies React to the new US Russia Sanctions?
On April 15, 2021 the Biden administration announced a broad set of measures to combat malaign activities of the Rusisan government against the United States. Some of these measures are very targeted and others create a broad structure for future sanctions that could have harsh consequences for us in the Nordics. While they complicate theContinue reading “How should Nordic Banks and Companies React to the new US Russia Sanctions?”