International sanctions are a non-military foreign policy instrument, which is implemented to respond to the challenges of countries that threaten peace and security.
The Law on International and National Sanctions of the Republic of Latvia applies to all natural and legal persons, and they are obliged to observe and fulfill international and national sanctions.
The establishment of an appropriate internal control system in the company is important in meeting the requirements of preconditions and sanctions. The operating principles of international sanctions are complex and their compliance is a big challenge in public administration and in the modern business environment.
Compliance Baltic offers a wide range of services for institutions and companies in the area of sanctions risk management:
– risk assessment of the institution or company;
– assessment of compliance of the internal control system of the institution or company;
– creation of an internal control system in an institution or company;
– e-learning solution “International sanctions” (in Latvian)
– pre-recorded video lecture (1:40h) “Fundamentals of sanctions: nature, risks, typologies” (in Latvian)