In our latest Disputes Nightmare Scenario Flash Webinar, Shaistah Akhtar, Head of Sanctions at Mishcon was joined by Richard Stopford, a Managing Associate in the Fraud team and Luke Firmin, Director of Financial Crime at Mazars, to discuss how businesses can manage their sanctions risks.
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.
This webinar focussed on how to map your organisation's sanction risk and how to deal with ramifications of the designation of a commercial partner.