Sanctions are described as measures enforced by governments or international organizations against certain people, groups, or nations. Restrictions on trade, money transfers, travel, and other activities are examples of sanctions.
Direct Remit will abide by the following list of Sanctions
* The Uk autonomous sanctions regime
* The United Nations Security Council sanctions
* The European Union sanctions
* The United States sanctions
* The Swiss sanctions
* The Canadian sanctions
Direct Remit will abide with all sanctions-related laws and rules by:
* The Sanctions and Anti-Money Laundering Act 2018 (SAMLA)
* Checking the compliance with sanctions of all customers and transactions
* Putting in place the right controls to stop sanctions violations
* Training employees on sanctions compliance
Procedure for determining and controlling sanctions risks:
Direct Remit Ltd will recognize and control sanctions risks by:
* Performing regular risk analyses
* Putting in place the right controls to reduce risks
* Observing potential changes in the landscape of sanctions.