© 2014 Baker & McKenzie LLP 6 Common Trade Sanctions Compliance Issues: ‒ Failure to identify indirect business activities with sanctioned countries ‒ Overlooking broad extraterritorial reach of sanctions ‒ Inadequate screening against the SDN List, other restricted parties lists ‒ Application of export and reexport embargoes for all U.S.-origin products to certain destinations ‒ Failure to address trade sanctions compliance in transfers of IP rights ‒ Failure to conduct trade sanctions compliance due diligence in M&A transactions
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