RANE Podcast Series
Corporate Strategy in a Complex Regulatory Environment
Aug 3, 2024
David Tannenbaum, a seasoned strategist in regulatory compliance, shares valuable insights on corporate strategy amid complex regulations. He discusses the intricate evolution of sanctions and their use in foreign policy, emphasizing the challenges companies face today. Tannenbaum highlights the necessity for organizations to adapt rapidly to new risks, like sanction evasion, and the importance of external expertise in monitoring threats. He also explores compliance challenges with a focus on geopolitical cases like Iran and Ukraine, advocating for a multifaceted approach combining sanctions with diplomacy.
36:06
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Quick takeaways
- Sanctions are a vital tool for influencing hostile behavior and ensuring compliance, which significantly burdens businesses, particularly financial institutions.
- Companies must enhance their compliance strategies with advanced technologies to effectively track and mitigate the risks of sophisticated sanctions evasion tactics.
Deep dives
The Role of Sanctions in Geopolitics
Sanctions have evolved into a crucial tool for U.S. foreign policy and that of its allies, addressing various security concerns. They serve multiple purposes, including changing the behavior of hostile entities and denying them resources needed for malicious activities, such as funding terrorism or military aggression. Recent sanctions have been aimed at countering Russia's actions in Ukraine as well as curtailing Iran's financial support for proxy groups. This dual-purpose approach highlights how sanctions can both impose immediate consequences and influence long-term diplomatic behavior.
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