Make sure that any transactions with third parties do not violate current economic embargoes.

HOW TO ACT

We are a globally active company with business partners all around the world and with worldwide imports and exports.

National and international law regulate the import, export or domestic trade of goods, technology, services, the handling of specific products, as well as capital movements and payments.

Follow procedures to ensure that transactions with third parties don’t violate current economic embargoes or regulations of trade, import or export controls, or regulations for the prevention of terrorism financing.

DEFINITION

Economic embargos are typically government-issued and limit the exchange of goods and commerce to a certain country, sometimes only affecting certain goods.