Regulatory compliance for foreign trading

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Regulatory compliance for foreign trading

Nowadays organizations face the increasing demands of compliance with the laws of various global markets, mandatory legal checks and fines. The frequency at which new regulations appear requires careful monitoring of the changes at a large number of regulatory bodies, simultaneously observing the complex and sometimes conflicting laws/regulations in multiple jurisdictions.

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The imposition of sanctions against Russia has transformed the classic approach to sanctions screening, and increased the demands on companies when checking their counterparties. The latest rounds of sanctions impose new requirements for monitoring sanctions risks and identifying beneficiaries who may be subject to sanctions.

We provide a wide range of consulting services to ensure regulatory compliance, including both methodological support and practical solutions to help our clients in specific situations.

Sanctions compliance

In response to increased interest in sanctions compliance, we now provide our clients with comprehensive support to increase confidence in the legitimacy of operations on international markets, maintain market share and ensure safe entry onto new markets, all of which enhance a company’s competitive advantage.

We provide the following sanctions compliance services:

o    development of sanctions policy;

o    assessment of the risks an organization is exposed to by sanctions legislation;

o    development of compliance procedures aimed at minimizing the risks associated with sanctions;

o    development of controls to identify potential violations of sanctions compliance (red flags);

o    assistance in the development of automated solutions to implement sanctions compliance controls.

Export control

We offer consultations on compliance with international trade standards, including analysis, development and assistance in the implementation of programs to ensure compliance with export requirements using cutting-edge methodologies and IT solutions.

Our export control services include:

o    analysis of the goods nomenclature for export control in Russia and internationally, depending on the organization’s operations;

o    development of compliance procedures aimed at minimizing the risks associated with export control regulations;

o    assistance in the development of automated solutions to verify compliance with FSTEC requirements. 

Contacts

Sergey Kudryashov

Sergey Kudryashov

Partner, Risk Advisory

Sergey is leading Operational Risk and Crisis Management practice in Risk Advisory. Sergey has over 15 years of internal audit, control, and risk management experience in Russia. He also has exposure ... More

Galina Kolobova

Galina Kolobova

Manager, Risk Advisory

Galina is a Manager in the Risk Advisory group at Deloitte CIS. She has a two years experience in audit of financial reporting and more than ten years experience in providing consulting services in th... More