Adherence to governmental or international restrictions imposed on countries, entities, or individuals.
Sanctions compliance is the process by which organizations ensure they are not engaging in business with parties subject to economic or trade sanctions. These sanctions are typically imposed by governments or international bodies to exert pressure on targeted entities or regimes. Compliance involves screening customers, monitoring transactions, and maintaining up-to-date knowledge of applicable sanctions lists to avoid facilitating prohibited activities or dealing with sanctioned individuals or entities.