On 1st March, the blog maintained by HM Treasury’s Office of Financial Sanctions Implementation (OFSI) made available guidance for businesses about how to manage risk over North Korean sanctions.  It provides 3 basic tips –

  • Understand your risk and potential exposure;
  • Consider your activities, and the services you provide, from the perspective of a proliferator or individual seeking to undertake illicit activity.; and
  • Engage critically with your customer and trading data


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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