In international economic law, certain international organizations frequently impose conditional economic sanctions on enterprises. In order to have such sanctions lifted, enterprises are generally required to establish effective compliance programs and to put in place managerial mechanisms aimed at preventing the recurrence of unlawful or irregular conduct. Accordingly, corporate compliance has become not only an essential basis for the removal of sanctions imposed by international organizations, but also an important incentive mechanism for enterprises themselves. This form of compliance may be referred to as “anti-sanctions compliance.”

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Compliance Incentives in International Financial Organizations

  • Ruihua Chen

摘要

In international economic law, certain international organizations frequently impose conditional economic sanctions on enterprises. In order to have such sanctions lifted, enterprises are generally required to establish effective compliance programs and to put in place managerial mechanisms aimed at preventing the recurrence of unlawful or irregular conduct. Accordingly, corporate compliance has become not only an essential basis for the removal of sanctions imposed by international organizations, but also an important incentive mechanism for enterprises themselves. This form of compliance may be referred to as “anti-sanctions compliance.”