Overview

According to the United Nations Conference on Trade and Development (UNCTAD), global trade reached a record $32 trillion in 2022, including $25 trillion worth of trade in physical goods alone (up from $10 trillion in 2005 and 10% higher than in 2021). A portion of these trade flows is made up of restricted or otherwise sensitive goods, such as military and dual-use items. Maritime, aviation and logistics firms play a vital role in facilitating cross-border trade, but they must also comply with sanctions and export control regulations. This session will take an in-depth look at what effective sanctions compliance means for these types of operators, which operational challenges exist and how to implement industry best practices.