Sanctions risk management
The brief
A large-cap technology “.com” group wanted to design and implement a globally consistent Sanctions Risk Management Framework. The group operates in the travel and tourism sector meaning that the jurisdiction-specific control design was particularly sensitive due to added reputational and regulatory pressures.
Our approach
Companies in the group are located all around the world, so defining a set of global requirements and policies required engagement with numerous internal and external stakeholders.
The core activities of this project included:
- Envolver -se com os provedores de solução de tecnologia para determinar a configuração mais eficaz e eficiente das ferramentas de triagem de sanções; Documentação de processo e política, bem como as principais sanções da definição KRI/KPI para o modelo 3LOD. A equipe preparou e entregou um conjunto completo de documentação e um modelo de governança mais eficaz para o cliente. Gostaria de organizar uma reunião inicial para discutir como podemos moldar o futuro do seu negócio, depois entrar em contato e nossa equipe voltará a você em breve. Londres
- Proposing new country risk rating methodology and documenting formalised processes;
- Facilitating discussions with external counsel in the US and EU to determine the sanctions list screening requirements;
- Developing an industry leading approach to governance, including RACI, process and policy documentation as well as key sanctions KRI/KPI definition for the 3LOD model.
The solution and key benefits
We delivered a globally consistent approach across the Group to sanctions screening and jurisdiction specific requirements, including full blocks on sanctioned territories and other reputationally sensitive areas. The team prepared and delivered a full suite of documentation and a more effective governance model for the client.
