Special podcast episode: How the sanctions on Russia affect compliance

Since Russia launched its invasion of Ukraine at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war. The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand. In this special episode, we look at sanctions compliance in the wake of the ongoing Russian invasion of Ukraine.

Online sanctions training suite

While countries use sanctions as a diplomatic tool to apply economic pressure on threatening regimes, their implementation is often not well understood by the personnel in charge of applying them. The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand. New laws such as the Economic Crime Act in the UK have ramped up sanctions compliance and increased penalties on businesses—any businesses—who get things wrong.

Our concise, interactive sanctions courses can go a long way to ensuring your staff is well equipped to identify and address the red flags associated with compliance risks presented by ever-changing sanctions regulations.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”