Communicating Sanctions and Business Restrictions to Businesses, Clients and Counterparties: Why You Should Use a Customer Assurance of Compliance

September 27, 2021 3:45pm

Karen Robertson
Senior Manager – Global Trade Compliance
Uber Technologies Inc.

Judith Lee
Gibson Dunn & Crutcher LLP

  • Financial services KYC best practices
  • With a sale to distributor or reseller, ask for assurance that they will not sell to prohibited end user
  • Use certification, contract terms and conditions
  • Engagement with Russian business partners (suppliers/vendors and customers)
  • Put company on notices that compliance is expected