Partner, Withers KhattarWong* | Singapore
As the world of sanctions evolves, the chance of being directly or inadvertently involved with an individual or organisation who has fallen foul of a sanctions regime is greater than ever.Seeking advice from our international team will help you to understand the nuances of how sanctions can affect you and your business and help you to address the complications that may arise.
Sanctions can be imposed on States, companies, organisations or individuals to prevent certain conduct or activities. Traditionally, sanctions have been used as a foreign policy tool to influence political agendas but are increasingly also being used to target those involved in corruption and human rights abuses.
Sanctions can entail prohibitions on financial transactions, asset freezes and trade restrictions, and breaches of these sanctions can result in lengthy prison sentences and/or considerable financial fines. These can have severe impacts on your business and reputation.
12 October 2022 | article
13 January 2022 | article
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