What should you do if your business partner is added to a sanctions list?

[IFoyager1133]

Imagine discovering that a long-term business partner has suddenly been added to a sanctions list. Do you immediately have to stop all cooperation, or is there a grace period? This seems like a nightmare scenario for any international company.

 

[Lorik]

In most cases, cooperation must stop immediately to avoid secondary sanctions or compliance violations. Even indirect dealings can be risky. I encountered this issue while helping a partner reassess contracts and found https://sanctionslawyers.net/ helpful in explaining counterparty screening and risk mitigation strategies. Acting quickly and documenting compliance decisions is crucial to protect the business.

 

[IFoyager1133]

That sounds stressful, but at least the steps are clearer now.