Good Practice

The benefits of a Sanctions Compliance function

Issue 27.
October 2022

Author
Steven BrothertonElizabeth Shingler
+ About author

Steven Brotherton (San Francisco) is a Principal in the Global Export Controls & Sanctions practice of KPMG LLP and leader of the service line. sbrotherton@kpmg.com

Elizabeth Shingler (Richmond) is a Senior Manager in the Global Export Controls and Sanctions practice of KPMG LLP. eshingler@kpmg.com

KPMG: SMART PRACTICE
The recent global uptick in sanctions regulations and enforcement has required many companies to reassess business relationships, customers, and suppliers. Further, multinational companies are finding it tricky to navigate Russia sanctions. Yet, surprisingly, many companies do not have a dedicated sanctions compliance function. This could be a result of an overreliance on automated screening solutions or a belief that sanctions regulations do not pose a material risk to the ...

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