Como evitar sanções e embargos comerciais?

In my experience we had a department that would do the due diligence of finding this kind of information from known databases as D&B. Zoom info and Bloomberg but what’s stated in the article is accurate as it looks like what the department used to do

In here as bankers, critical thinking plays major role judging the vulnerability of executing transactions avoiding sanction laws imposed by various authorities.Decision intelligence capabilities of trade managers help to decide whether or not to perform transactions or if choose to perform transactions what kind of risk mitigating strategies would be account for

Best example is though Russia has so many sanctions and embargoes most of the tea exporting countries do the business without any interruption or Breaching laws. There are ways to analyse critically to do the business right.

It's the foundation, but how many companies do not have an ICP (Internal Compliance Program) ? Without it, you'll get nowhere. If you wish, you can have an ICP dedicated to sanction management (SMP : Sanctions Management Program). Companies should use the drafting of this Program as a moment to bring to the table (and solve) all the vital issues related to the organisation of their internal policy for sanctions management. There will be some delicate decisions to make, but it's essential.

My experience is it is best to have screening procedure or the system integrated with the core banking solution,it will enhance the accuracy as well as validity and the relevance of the information used to screen without several manual checks and inputs. Using APIs is the best

Sound compliance is the best way to avoid sanctions and do the business with YoY improvements.if you know the law you can easily identify customers sneaky points where banks met with huge fines due to negligence or trying to please the customer. Theres a saying know the law knows how to break the law

Being in the present serves better and the EI with positive and constructive feedback with all the potential stakeholders will foster the business. If your organisation invest on the cutting edge technology to screen,it's not a waste since all the lists are updating online realtime in major third-party service providers. At last I must mention you should have basic banking acumen plus without negligence and good faith.

Refer to the latest update sanction list by world trade organizations to ensure import / export activities are in compliance.

This question should have been phrased “how to avoid doing business with Sanctioned Individuals and entities and embargoed countries”. To say”how to avoid sanctions and embargoes” is a different topic and it is simple - just don’t do anything against the national and foreign policy of the country/country group imposing the sanctions/embargoes.