October 28, 2019
Publication: Levick
White-collar lawyers Robin Rathmell and Sean Buckley discussed compliance with U.S. sanctions for foreign companies in Levick’s third edition eBook, “Navigating U.S. Regulatory, Legal & Communications Hurdles.”
With experience in regulatory matters, Mr. Rathmell and Mr. Buckley break down the importance of due diligence when dealing with vendors that may or may not be sanctioned. “With current events largely influencing the SDN list…” the team notes, “it is essential for organizations to develop practical approaches to vendor due diligence to avoid violations of U.S. sanction laws and related asset-freezing and forfeiture actions.”
The team recommends a series of practical approaches to ensure compliance when doing business with foreign vendors, which includes screening businesses according to the Specially Designated Nationals and Blocked Persons (SDN) list.