The European Commission has launched an EU sanctions helpdesk to help small and medium-sized enterprises (SMEs) navigate and apply the 40 sanction regimes now in place globally.
The free service is accompanied by a dedicated website providing sanctions-related information, country guidance, events and learnings.
Alongside outlining restrictive elements, the objective is “to assist European operators in avoiding the loss of legitimate business opportunities due to uncertainties about their legality,” according to a statement.
While there are instances where larger entities can benefit from support, the helpdesk’s focus on SMEs is because they typically have fewer compliance resources than large companies.
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