Implementing sanctions controls in accordance with a company’s risk profile has become even more challenging in light of the ongoing conflict in Ukraine. In a geopolitical environment where the only certainty is continued volatility, CCOs and compliance teams now more than ever need to be in the know and stay prepared.
Fortunately, there are actionable steps they can take — and technology tools that can help. These involve monitoring the dynamic landscape, gauging risk exposure and proactively identifying potential issues that could lead to regulatory scrutiny and reputational damage. We explore those steps in this checklist.