This is part 4 of a special 5-part series featuring Infortal Worldwide. Tom Fox and Chris Mason discuss sanctions intelligence. Chris talks about regulation changes concerning sanctions, their impact on the business community, and reputational risk.
Chris Mason is with Infortal Worldwide, a global risk firm that provides due diligence services to support key investment decision-making. Infortal Worldwide supports a lot of private equity investment, mergers, acquisitions, and any type of risk scenario a business may face.
- With sanctions, assessing your exposure and taking a holistic view of your business is important. Look at who you’re doing business with, your partners, your client, and your customer base, and then ensure that you have compliance documents that map out what your business program looks like.
- Navigating the ever-changing international sanctions regimes starts with having a documented, adaptable plan for everyone on your company’s team.
- Regulations task forces are looking at companies in this new age of anti-corruption, so having a solid compliance program is crucial.
- Reputation is closely tied to a company’s value: if one decreases, so will the other. Violating sanctions laws can taint a company’s image in the eyes of the public. “Circling back to what we’ve been discussing, taking the steps to understand your risk exposure, setting up a plan that you can put in place that’s easy for your team to follow, can help you avoid these types of reputational risks and regulatory problems,” Chris remarks.
KEY QUOTE
” Sanctions risk management should now be a key consideration for companies of all sizes.”- Chris Mason
Resources
Infortal Worldwide | Email | Tel: 1.800.736.4999
