Sanctions and Embargoes

Economic Sanctions Compliance Services

In the ever-changing, fast-paced regulatory landscape, sanction compliance is a tough nut to crack. However, WIACON is ready to pave this way for you. We have a team of experts in sanctions who can help clients comprehend their obligations and fulfill them effortlessly. Our experts support a wide range of clients, including financial institutions such as banks, FinTech companies, and insurance companies, as well as non-financial institutions such as manufacturers, import-export firms, and e-commerce entities that must also comply with sanctions.

Once you choose us, our adventure together begins by getting to know your company inside and out. With this knowledge in hand, we set out to assist you remain compliant by performing the following services:

We aid our clients in navigating the complexities of sanctions regulations and meeting their compliance obligations. This involves providing tailored guidance and support to ensure businesses understand and adhere to the evolving sanctions laws across various jurisdictions, notably including the EU, US, and UK. By actively monitoring changes in sanctions regulations, we assist businesses in adapting their compliance programs effectively, thereby ensuring regulatory adherence.

We help organizations align their corporate policies with evolving economic sanctions frameworks. Our experts translate complex regulations into clear, actionable guidelines that keep your operations compliant and secure. By thoroughly reviewing and refining your existing policies, we ensure they mitigate risk and strengthen your compliance culture. The result is a robust, future-proof policy environment that builds trust and supports sustainable business growth.

We identify and assess your organization's risk of exposure to international and regional sanctions, then develop and implement strategies to mitigate the risk of sanctions breaches. Moreover, we collaborate closely with your organization to review and enhance existing sanctions compliance policies, ensuring they are in line with the most effective methods used in the industry and meet all regulatory requirements.

We support businesses by conducting thorough Know Your Customer (KYC) procedures on their business partners and clients. Additionally, we monitor goods involved in trade transactions against the dual-use goods items list within applicable jurisdictions to ensure compliance.

We provide training programs and workshops to educate employees on sanctions compliance requirements, and best practices.  Our training sessions are designed to foster a culture of compliance within your organization, equipping your team with the expertise needed to proactively address sanctions-related challenges.

We assess and refine your existing sanctions tools and methodologies to maximize efficiency and accuracy. By leveraging technology and best practices, we enhance screening, monitoring, and reporting capabilities. This optimization aligns compliance efforts with operational goals and cost-effectiveness. The outcome is a robust, agile compliance solution ready for the future.

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