Dr. Angelika Hellweger | 12 October 2023
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Angelika Hellweger wrote about the humanitarian implications of sanctions over-compliance.
Her article, which was published by Solicitors Journal, also detailed problems caused by financial institutions ending business relationships to avoid sanctions-related risk.
Angelika cites concerns highlighted by a UN special rapporteur that unilateral sanctions are having a detrimental impact on the health of many.
Her piece explains why factors such as mounting compliance costs, reputational risk and concerns about directors and employees facing civil or even criminal action are leading companies to either over-comply with sanctions or cut or reduce all ties with those where there is a perceived sanctions risk.
The result of this can be severe hardship for many of the most vulnerable people.
The full article can be read here (subscription required).
Featured at: Solicitors Journal
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