Sanctions are used by governments to punish individuals, organisations and countries around the world. Anyone involved in cross-border business needs to proactively assess the potential impact of sanctions on their trading.
Sanctions are an economic weapon used by governments to punish individuals, private entities and countries for conduct deemed politically unacceptable. Sanctions work indirectly by imposing restrictions on how businesses may interact with a sanctioned party. Because violators can be liable for large monetary penalties and criminal prosecution, it is important for anyone engaging in cross-border transactions to proactively consider and address their potential sanctions exposure before a breach occurs.
Rahman Ravelli advises individuals, start-ups, joint ventures and corporates on compliance with British, American, and European export controls and sanctions laws. We also represent clients who have made the decision to self-report a sanctions violation or who have been accused of trade control breaches by the US Office of Foreign Assets Control (OFAC), the UK Office of Financial Sanctions Implementation (OFSI) or the UK Export Control Joint Unit (ECJU). We have particular expertise in situations where there is a risk of criminal charges or where a criminal investigation has already started.
Because different countries’ trade control laws intersect and overlap, the same conduct can be simultaneously subject to differing (and even contradictory) restrictions from multiple jurisdictions. Our US and UK-qualified team, in conjunction with our network of trusted partner law firms around the world, is capable of helping clients with multinational operations navigate their way through the regularly-shifting thicket of international sanctions rules and regulations. As with all our advisory services, our sanctions and export controls practice group strives to provide our clients with highly practical, targeted and cost-efficient advice.
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.
Sanctions - How We Help Business Avoid The Pitfalls
Sanctions place many and varied obligations on business and they may also be far from straightforward - A number of sanctions enforced by different agencies may relate to one or more aspects of business being conducted by a company or individual.
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