The events of the last few months have changed the way Sanctions regimes are being implemented around the world.
Deloitte has designed a series of blogs exploring the evolving global Sanctions landscape. These blogs will offer insight about how organisations can adapt to meet the challenges presented by these changes, as well as practical steps that can be adopted to help continuing compliance with regulatory obligations. This will include:
As the first in this series, this blog considers how Sanctions have changed in recent months and highlights the ongoing challenges organisations may face as they align with rapidly changing regulatory requirements.
Organisations, and the financial crime industry, face unprecedented challenges in the sanctions domain. Failure to meet these challenges will result in significant damages as sanctions have been thrust into the limelight of public perception and political strategy.
In the next blog we will discuss how organisations can best respond to Sanctions screening and operational challenges whilst mitigating the risks in complying with Sanctions and, as new challenges arise, we will continue to develop potential solutions that this community can take, to mitigate the growing regulatory risk of sanctions.