The maritime sanctions landscape is constantly evolving. Geopolitical changes, diplomatically-led coercive actions and even global pandemics have impacted the sanctions landscape, and to varying extents could continue to do so.
A greater priority
The Refinitiv 2021 risk report results concluded that 40% of organisations had said that COVID-19 made sanctions screening a greater priority. This report offered further stark statistics highlighting how the pandemic had led to a high percentage of organisations taking greater risks and shortcuts during due diligence checks, due to a heightened focus on increasing profits.
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