Georgia Businesses Urged to Heed Sanctions Compliance Guidelines Amid Global Economic Uncertainty
Importance of Sanctions Compliance in Times of Economic Uncertainty
As global economic uncertainty continues to unfold, companies operating in Georgia are being advised to take a closer look at their sanctions compliance strategies. The use of economic tools, such as sanctions, has become increasingly prevalent in recent times, prompting businesses to assess the potential risks associated with these measures.
Expert Guidance from KPMG Law Caucasus and Central Asia
In an effort to help Georgian firms navigate this complex landscape, KPMG Law Caucasus and Central Asia is offering comprehensive advice on sanctions and trade restrictions. The firm’s team of experts provides interpretation of sanctions regulations within practical contexts, ensuring that clients are well-equipped to operate in a rapidly changing environment.
Services Offered
The firm’s services include:
- Advising on whether specific transactions can be conducted in compliance with sanctions restrictions
- Conducting due diligence on target companies in mergers and acquisitions transactions to ensure compliance with sanctions restrictions
- Drafting and updating companies’ sanctions compliance policies
- Conducting due diligence on potential counterparties to determine whether they are subject to any restrictions
- Drafting sanctions-related clauses in existing or planned transactions
Aim of the Firm’s Services
The firm’s aim is to assist clients in understanding and complying with relevant regulations, leveraging its expertise to enable businesses to navigate the complexities of sanctions regulations. By doing so, clients can better understand the risks associated with these measures and ensure compliance with applicable requirements.
Collaborative Approach
In complex matters, KPMG Law Caucasus and Central Asia collaborates with international offices and trusted subcontractors to provide a comprehensive solution. With experience and qualifications in this area, the firm is well-positioned to support Georgian businesses as they navigate the ever-evolving sanctions landscape.