Circumvention and evasion schemes have become increasingly sophisticated, posing significant enforcement and compliance risks. As detection and prevention are becoming more complex than ever before, staying on top of the most effective strategies is key—from continuous monitoring, the implementation of robust due diligence practices and more.

During this comprehensive, deep-dive workshop, we will review a fully updated, step-by-step approach to identifying and addressing circumvention and evasion schemes and what to do when uncovering an actual or suspected issue.

Topics will include:

• Strengthening your risk-based approach to sanctions evasion, and strategies for identifying and combatting the newest, most complex schemes
• Dissecting the most sophisticated and emerging, new schemes. and how they were uncovered
• Various methods used in circumvention schemes, such as mislabeling, transshipment, and undervaluation of goods.
• Implementing AI and other advanced monitoring tools: Best practices for continuously monitoring transactions and supply chains for red flags and irregularities
• Strengthening due diligence processes by conducting thorough background checks on suppliers and partners, and regularly auditing compliance practices
• How to know if your detection strategies are relevant and effective
• Promoting a strong compliance culture within your organization through regular training and awareness programs, encouraging employees to report suspicious activities