Export Controls and Economic Sanctions
Navigating the Ever-Changing Sanctions and Trade Restrictions Landscape
As we have seen in the last few days with the Russian invasion of Ukraine, geo-political conflicts can develop at pace. Economic sanctions and trade restrictions are an important foreign policy tool used by many governments in an attempt to minimise and manage such conflicts. As a result the rules are complex, conflicting, multijurisdictional and subject to constant change.
Regulators in many countries of the world in addition to the continuing extraterritorial reach of the U.S., can make non-compliance an expensive oversight. As the world continues to see increased division between various countries, trade wars, and politically motivated designations, compliance departments must remain extremely vigilant and responsive to these ever-mounting changes.
Complexities around financing, manufacturing, supply chain, dynamic entity ownership structures and jurisdictional nexus, can only be managed with living and effective internal controls, leveraging evolving analytic. This must not be an afterthought and should be embedded into business practice as part of a program that proactively manages export controls and sanctions risk across the end-to-end supply chain to build resilience.
How We Help
FTI Consulting’s professionals have a proven track record proactively managing client’s direct or indirect sanction exposure, in addition to identifying and investigating compliance violations and responding to crisis situations. Our team also includes former government regulators and industry professionals with a breadth of experience working with corporates and financial services to comply with evolving sanctions and trade restrictions.
Our award winning global export controls and economic sanctions experts have supported numerous clients on proactive risk management activities, defining and enhancing control frameworks. This global coverage is ever more important as conflicting regional requirements continue to cause challenges for global enterprises in an environment that is subject to constant change. We also support clients and regulators with program reviews and investigation requirements, advising on the strategic approach relating to the matter.
FTI Consulting’s compliance professionals work hand in hand with our market leading data & analytics and technology experts to work through these typically complex and data heavy requirements, using traditional or advanced analytic methods such as FTI Augmented Investigations®, digital forensics, and e-Discovery solutions. This is underpinned by a global network of secure cloud environments and our ability to operate within clients’ closed networks.
Internal compliance programme support. We have direct experience of designing, implementing and managing internal compliance programmes which match the profile of an organisation to the markets and segments that it is operating in, to ensure proactive compliance with the export controls and sanctions requirements that are relevant.
Provide assessment and remediation support to help organisations identify and correct gaps in their export controls or sanctions compliance programmes. We can also develop, design, implement, and test an organisation’s compliance programme to protect against regulatory risks, and if needed, develop and deliver training.
Investigate potential export controls and economic sanctions violations. Our team has deep experience in supporting investigations, from business as usual resource augmentation through to conducting and responding to multi-jurisdictional investigations, including parallel investigations by multiple regulatory and enforcement agencies.
Liaise with agencies and support government disclosure strategies. Our team has extensive experience in preparing disclosures and reviewing them from a government enforcement perspective. Our team has worked directly with the U.S. Departments of Justice, Treasury, Commerce, Defense, and State, as well as regulators in EMEA and Asia Pacific countries and the United Nations.
February 23, 2022
Senior Managing Director, Head of EMEA Forensic & Litigation Consulting and Technology
Senior Managing Director, Head of EMEA Regulatory Risk Management
Senior Managing Director
Senior Managing Director, Head of EMEA Financial Crime Compliance
Managing Director, Export Controls, Sanctions and Trade
Forensic & Litigation Consulting