Sanctions Risk

Economic and trade sanctions, travel bans, arm embargos, and financial restrictions are effective tools for achieving domestic and foreign policy goals, set by governments and international bodies. They address foreign policy, economy, and national security threats, by undermining the economic power of regimes. Likewise, they are effective at isolating criminal individuals or states from the financial system.

Governments, organizations and financial institutions must stay abreast of sanctions developments, and make regular reference to the appropriate lists (including the USA OFAC’s Specially Designated Nationals and Blocked Persons (SDN) list, United Kingdom FCA’s published list, the World Bank, United Nations and European Union published lists, and other lists published by relevant local jurisdictions’ regulatory and law enforcement agencies) to identify subjects of sanctions (including regions, individuals and entities), and ensure they do not transact with a sanctioned party.

FCRM Limited designs and implements programs that ensure that our clients comply with domestic and/ or relevant international sanctions regimes.