Summary: With global regulators intensifying efforts to enforce sanctions, particularly concerning indirect or inadvertent breaches, Indian entities now face an elevated level of compliance risk — one that extends far beyond the scope of traditional list-screening methods. This article explores how OFAC’s evolving policies indicate that even providing indirect support or advisory services to
Summary: Part II draws on recent enforcement actions to illustrate how OFAC applies this approach in practice. It highlights the heightened expectations placed on professional service providers and explains why ownership screening alone can no longer be treated as a complete compliance exercise.
Continue Reading How OFAC’s Latest Guidance Changes the Sanctions Compliance Landscape – Part II
Summary: The 50% ownership rule has always been the cornerstone of sanctions compliance offering apparent certainty to entities navigating complex cross-border transactions. However, in recent years, global regulators have started looking beyond the ownership percentage, scrutinizing effective control and influence to determine sanctions exposure. This piece examines the evolving sanctions landscape across the US, UK & EU and provides Indian businesses with a practical, risk-based compliance framework to align with international enforcement expectations.
Continue Reading Sanctions Compliance Beyond the 50% Rule: A Practical Guide for Indian Businesses