In the US and around the world, there is an extraordinary
increase in focus on global compliance, especially in light of
recent changes to the Iran sanctions landscape. The reach of
emerging sanctions programs now extends to a much wider range of
industry sectors, transaction types and companies. This expansion
of sanctions and concern about enforcement is unlikely to recede at
any point in the near term, absent a dramatic intervening event,
such as Iran's development of a nuclear weapon or a military
strike on that country. Accordingly, to mitigate potential
exposure, now is the time for companies to implement global risk
management best practices.
A growing recognition of the danger posed by a nuclear Iran and
the fluid nature of the Iran sanctions environment have
significantly raised the stakes for any company with a potential
nexus to Iran. The nature of risk management has changed in the
wake of recently enacted international and national Iran
