In “U.K. Sanctions Guidance Adds to Warnings for Maritime Sector” (The Wall Street Journal, 3 August 2020), Eric Lorber, vice president at K2 Intelligence FIN, discusses the recent U.K. sanctions guidance for the shipping and maritime industries.

Eric notes that the guidance highlights the additional compliance obligations for companies operating in the maritime industry as they navigate the similar but different sanctions systems between the United States and the U.K. For entities in the shipping and maritime sector, it could prove challenging to align compliance programs to meet the needs of multiple jurisdictions, according to Eric.

Read the full article in The Wall Street Journal (registration may be required).