Sanctions and embargoes are tools used by countries to influence the actions of other nations, companies, or individuals. For businesses, these measures can pose significant compliance risks. Understanding how to navigate these challenges is crucial for protecting your company from legal, financial, and reputational harm. This article will explore the intricacies of sanctions and embargoes, the importance of compliance, and how to build a robust compliance program.
 
Key Takeaways
 
Sanctions and embargoes are used to influence the actions of countries, companies, or individuals.
Non-compliance with sanctions can lead to severe legal, financial, and reputational consequences.
 
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