Join Shaistah Akhtar, Head of Sanctions at Mishcon de Reya, Richard Stopford, a Managing Associate in the Fraud team at Mishcon de Reya and Luke Firmin, Director of Financial Crime at Mazars, as they provide practical insights to help businesses manage their sanctions risk and the immediate steps they should take in the nightmare scenario.
Our discussion will encompass long-term risk mitigation strategies and the vital steps to take in the immediate aftermath of designation.
The sanctions landscape is constantly changing and the consequences of falling foul of the prohibitions can be severe, including both civil and criminal liability. Businesses must take steps to manage their sanctions risk and make sure they are alive to the regulatory risks associated with an increasingly fragmented and fractious geopolitical order. These risks can extend to an organisation's closest and most important business partner. Being prepared for the nightmare scenario can help with learning lessons and longer-term improvements in compliance and risk management.
Our 25-minute webinar, which will provide practical tips and insight into:
- Mapping your organisation's international sanctions risk
- Formulating policies, handbooks, and risk-management tools
- Staying abreast of geopolitical and regulatory changes
- Dealing with the ramifications of the designation of a commercial partner
- Making licence applications to OFSI, terminating a contract, and dispute resolution
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