Bird & Bird & Sanctions: Enhanced compliance and screening

Published

Nov 22 2019

Written By

I am a Senior Counsel focusing on compliance with anti-bribery, customs, export controls and economic sanctions regulations.

Dick Ignacio

Senior Associate
Netherlands

As a senior associate in our Trade & Customs Group in The Hague and Brussels, I am an international trade and customs lawyer focusing on a broad spectrum of trading matters on behalf of our multinational and national clients.

Brian Mulier

Partner
Netherlands

As co-head of our International Trade & Customs Group I have in-depth, long-standing experience in the full range of customs and trade related matters, sanctions regimes and the application of EU export controls. Whilst working across Europe I am based in The Hague.

Practices

Trade and Customs

Regions

Western Europe

EU sanctions compliance does not stop at the EU border or with the screening of direct business partners. In view of adhering to the EU sanctions and managing related compliance and liability risks, EU entities must also ensure refraining from any indirect business with sanctioned parties as well as ascertain their owned or controlled non-EU entities do the same.

EU sanctions violations

Violation of the EU sanctions results in (criminal) liability for EU entities and hence, may lead to financial penalties and even imprisonment for the management of the EU entity concerned (in a worst-case scenario). Such violations include indirect trade with sanctioned parties as well as trade via non-EU entities resulting into circumvention.

Learn how to prevent violations in the full report here.