Managing the intersection of export controls and economic sanctions: Implications for legal and compliance teams and best practises for strengthening cross-departmental coordination

Graeme Hamilton, Rambod Behboodi and Nasra Moumin
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Graeme Hamilton: Partner, BLG, Canada
Rambod Behboodi: Senior Counsel, BLG, Canada
Nasra Moumin: Associate, BLG, Canada

Journal of Financial Compliance, 2025, vol. 8, issue 3, 285-296

Abstract: Navigating the complex, varying and, at times, conflicting regimes governing export controls and economic sanctions presents unique compliance challenges for globalised businesses. Export controls and economic sanctions address related, but distinct, public policy objectives. This paper explores the intersection between the two and proffers best practises for businesses to manage their export control and economic sanctions risks. Section 2 sets out a brief taxonomy of terms and concepts. Section 3 explains the global context for the measures discussed, the Canadian regulatory frameworks and the intersection between the two regulatory regimes. Section 4 discusses ‘best practices’ for counsel and businesses to manage the complex compliance issues arising out of these measures.

Keywords: economic sanctions; export controls; legal compliance; international trade (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2025
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