Case Studies

Sanctions

 

A Swiss-based technology company received a request from Myanmar for the supply and installation of health care equipment.

The company turned to L&M PRISK to carry out a thorough trade compliance check concerning international sanctions against the country. It additionally asked L&M PRISK for corresponding best practice strategies on how to process its transactions with maximum transparency and efficiency. With media attention on Myanmar being high due to the regime’s repression of the Muslim minority of Rohingya, the company was particularly concerned about its reputation and afraid that business operations would be perceived as collaboration. Applying our long-term experience in providing best practice solutions to MNCs in comparable situations, L&M PRISK carried out the sanctions check and tailored a comprehensive strategy.

The company finally completed the project in an efficient, compliant and transparent manner. Furthermore, the reputational risks remained minimal, since the company was able to promote its activities as a contribution to the sustainable development of the country for the benefit of everyone.