Compliance With Financial Sanctions and Trade Embargoes: A Simple Matter of Minding Your “Ps” and Asking the Right “Qs”?

April 27, 2012
For corporate and financial services clients on both sides of the Atlantic, trade compliance represents a major compliance challenge. While presenting a complex set of regulatory issues, the identification and management of the regulatory risks associated with issues such as economic sanctions, asset-freezing measures and trade restrictions can be broken down into four key components — the four “Ps”: Places, Parties, Products and Purpose. In this update, we explore how to stay on top of the identification and management of the associated risks as the scope of EU restrictions broadens and the application of EU measures is extended to UK overseas territories.