ICC Institute of World Business Law Task Force on Compliance Has Released a Guide on Sanctions for Small and Medium-Sized Enterprises (SMEs)
The guide focuses on trade sanctions and trade-control compliance in SMEs.
In particular, the guide provides:
Definition and classification of trade sanctions.
Main impacts of sanctions on SMEs, including the impact on commercial transactions, obtaining financing, exporting and importing goods, services or technology, etc.
Recommendations for SMEs on measures to avoid violations of trade-compliance requirements and to mitigate penalties in the event of an actual violation of sanctions (risk assessment, due diligence, sanctions compliance policy, internal investigation and self-reporting).
Sources on sanctions restrictions:
> OFAC sources: Sanctions search; Consolidated sanctions list
> EU sources: Sanctions map
> UK sources: UK sanctions list; Office of Financial Sanctions Implementation
> UN sources: Security Council, Consolidated list search
> Sources on Russia sanctions: Correctiv, Sanctions tracker; Castellum, Sanctions dashboard; Al Jazeera, List of sanctions on Russia after invasion
Sources on guidelines about sanctions compliance policies.
The Guide is available at the following link