__sanctions compliance begins with risk assessment — but one size does not fit all
In an increasingly fractured geopolitical landscape, the risk of violating sanctions regulations has become one of the most pressing compliance challenges for international businesses. At the core of every effective sanctions compliance programme lies a deceptively simple yet foundational question: Where are our risks?
Risk assessment is not just the first step — it is the compass that sets the direction for the entire sanctions compliance programme. However, a one-size-fits-all approach to risk assessment is not only ineffective, it can be dangerous. Each company, depending on its sector, size, customers, markets, and operations, faces a unique risk profile. As such, each company requires a tailored risk assessment methodology that addresses its particular vulnerabilities and compliance obligations.