The current international political and economic environment, including unprecedented uncertainty, volatility, and geopolitical fragmentation, has given rise to the use of sanctions as a foreign policy tool. This rapidly evolving global sanctions landscape has amplified the need for an effective sanctions risk management framework for cross-border business organizations while emphasizing the importance of quickly and effectively identifying sanction risks.
StoneTurn’s sanctions team, comprised of investigators and analysts, forensic accountants, supply chain experts, and former government officials, helps clients develop, implement, and maintain streamlined and sustainable solutions to sanctions risk management challenges and respond to allegations of regulatory breaches quickly and efficiently.
Offices across 5 continents
Countries with on the ground experience
Languages
How We Help
Pre-Transaction Assessments
Before a transaction, we identify issues that may raise sanctions concerns by conducting risk assessments, assessing sanctions compliance programs through gap analysis, and testing internal controls. In connection with a proposed transaction (or as part of a remediation effort) these efforts include developing and assessing sanctions compliance programs, examining supply chains, and verifying information provided by counterparties.
Sanctions Due Diligence
StoneTurn’s business intelligence experts conduct sanctions screenings using automated technologies or enhanced public records research to identify beneficial owners, understand offshore entities, determine the ultimate purchasers and users of clients’ products, and verify the sources of funds.
Sanctions Investigations and Remediation
If allegations of noncompliance arise, our global investigations team adeptly coordinates with counsel to undertake effective internal investigations, internal audits, and flow of funds analysis. The team can then assist with preparing disclosures for regulatory agencies, including the U.S. Department of Treasury’s Office of Foreign Asset Control (OFAC), the Department of Commerce’s Bureau of Industry and Security (BiS), as well as parallel enforcement agencies in Europe and Asia. On an ongoing basis, StoneTurn can also effectively monitor third-party relationships for continuous compliance with changing sanctions regimes and lists.
