Sanctions are measures taken by a government, international body or other institution to punish or prevent certain behavior. Sanctions can occur in various ways, such as: 

• Economic sanctions that serve to weaken a country, government or organization economically by imposing trade restrictions or embargoes
• Financial sanctions that serve to restrict a country’s, government’s or organization’s access to financial resources, for example by freezing bank accounts
• Travel restrictions that serve to limit the access of individuals or groups to certain countries or regions
• Arms embargoes, which prohibit the supply of weapons or other armaments to certain countries or groups

Sanctions are often imposed to punish or prevent certain behaviors or activities that are considered unethical or dangerous, such as corruption, terrorism, human rights violations or the violation of international agreements. Sanctions can also be used as a political tool to put pressure on a country or government to change certain behaviors or to reach negotiations or agreements.

It is important to note that sanctions often also have a negative impact on a country’s population and economy. Therefore, sanctions should be carefully considered and targeted to avoid undesirable effects. 

Our Business Partner Due Diligence System offers you an automated sanctions list check (PEP, blacklists, watchlists, adverse media) that reliably informs you whether your business partners are affected by sanctions or not.