Sanctions Compliance and Export Control Risk Management: A Practical Guide for Organizations with a Focus on Armenia
Sanctions and export control compliance is becoming increasingly important for companies operating across international markets and supply chains. At the same time, identifying potential risks is not always straightforward, particularly when transactions involve dual-use goods, multiple intermediaries, complex ownership structures, or different transit and destination countries.
With this Tip Sheet, we wanted to provide a practical and easy-to-use resource that can help organizations better understand these risks and strengthen their existing compliance practices.
The publication covers key areas such as risk assessment, customer and transaction screening, due diligence, identification of red flags, internal compliance procedures, and testing and auditing of sanctions controls.
It also includes a practical checklist that organizations can use to assess their own sanctions compliance programs, as well as information relevant to Armenia’s export control framework.
This resource is part of CSD’s continued work in the field of sanctions compliance, non-proliferation, and export controls, with a particular focus on translating complex requirements into practical guidance for institutions and the private sector.
We hope it will be a useful resource for compliance professionals, businesses, financial institutions, and other organizations working in this area.