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Corporate compliance officers are crucial in helping European companies avoid the huge fines they are racking up by trading in US sanctioned countries, says Matteo Winkler, assistant professor of law at HEC Paris business school.

Because most bank transactions must be processed through clearing houses based in the US, payments from and to sanctioned countries are considered as made through the US market, and therefore in full violation of US embargo measures.ReponseSource http://flip.it/F99k82