TRADE Compliance

Traditional risks such as money laundering, corruption, terrorism (etc.) are today part of an unprecedented global risk constellation. Geopolitical tensions in the wake of the replacement of the traditional Western-dominated world order by a multipolar world order, new technologies (cyber, crypto, etc.), de-globalization and the disintegration of trade routes, are components of the current global polycrisis. Western actors are reacting to this with ever stricter trade compliance regulations and sanctions.

In this context, sanctions are being used in international politics at an increasing rate and ever more intensively. The USA and the EU, in particular, apply this tool in answer to global geopolitical tensions, bilateral conflicts and wars, and human rights violations by authoritarian regimes. At the same time, sanction regulations are becoming increasingly complex, their impact is often different than intended, and consequences for business activities are difficult to evaluate.

After a first phase of enacting more and more new trade compliance and sanctions regulations since 2022, we have now entered a second phase. This is characterized by the closing of existing gaps. At the same time, the third phase is beginning, which is characterized by increasing enforcement, e.g. by the OFAC, but also by the newly established Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). They have already postulated that export controls and software-based risk checks and documentation alone will no longer suffice. In the future, experts will examine individual company cases in their entire context and in all their depth and to investigate, analyze and punish compliance violations.

In the event of violations of sanctions and trade compliance provisions, this can lead to reputational risks, liability risks and financial risks due to blacklisting.

The solutions we offer

  • We carry out an assessment and gap analysis concerning your organization’s current processes, responsibilities and documentation standards.

  • We develop and implement state of the art compliance management systems.

  • We provide the certainty of operating in accordance with sanctions and trade compliance regulations in a business-friendly manner.

  • We carry out continous monitoring of sanctions regulations, trade flows, partners and clients.

  • We provide support in adapting trade compliance management sytems to latest developments.

  • We provide support in case of red flags through special investigation projects and compliance enforcement meetings with your partners.

 
 
 

The Methods we use

 

Sanctions and trade compliance screening

Best-practise analysis

Organizational assessment and gap analysis

Trade Compliance management system development and implemenation

Continous monitoring and support

OSINT and HUMINT investigations