Know The Rules On Both Sides Of The Pond

Law360, New York (March 11, 2011, 2:20 PM EST) -- Risk appetite among global trade managers continues to be defined by the regulations, compliance expectations and penalties imposed by U.S. agencies. Companies on both sides of the Atlantic continue to demonstrate a worrying lack of awareness regarding their exposure to European regulatory risks.

A succession of multimillion-dollar settlements involving European banks demonstrates the importance of effective risk-based compliance. Recent "high-profile" enforcement activity has focused almost exclusively on violations of U.S. regulations administered by the U.S. Office of Foreign Assets Control (OFAC). For the vast majority of...
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