The European Commission has updated its guidance on sanctions compliance and due diligence requirements, setting out new obligations for banks and clarifying trade requirements for common high priority (“CHP”) projects, according to new FAQs published on 11 December .
Banks processing payments must now actively screen transactions, with the guidance stating that “compliance with trade-related sanctions is not limited to operators initiating such trade (e.g. exporters, brokers…) but also…
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The post EU publishes new FAQs on combined heat and power projects and sanctions due diligence appeared first on Export Compliance Manager.
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