Sanctions Compliance, or Intra-Company Risk Management Caused by Restrictions

The paper makes an attempt to comprehend the potential of sanctions compliance for the purpose of preventing or minimizing business risks for Russian companies under the conditions of sanctions pressure of the collective West. Based on the analysis of regulatory and doctrinal sources, it is shown that this type of compliance under consideration, on the one hand, is based on official documents and, on the other hand, it involves development of a unique system of measures taking into account the geographical, sectoral, and other specifics of the activities of a particular commercial organization. The authors define characteristic features of the modern legal regulation of the economy in Russia. The paper substantiates an opinion that the measures taken are aimed at reducing the impact of foreign sanctions, and, in the long term, they will lead to the development of the Russian commodity market, reducing the level of dependence of the domestic economy on foreign goods and technologies. Taking into account different approaches, the authors characterize a sanctions regime as either a special regime or an extraordinary regime. The conclusion is made about its subsequent transformation into an ordinary one. The paper provides understanding and meaning of sanctions compliance. It also explains conditions for the development of sanctions compliance policy by commercial organizations. The authors give a model of sanctions compliance indicating the key features of the latter and characterising various organizational forms of sanctions compliance. The authors also outline prospects for its further development in Russian companies.

1. Audit & komplaens: zakon, doktrina, praktika: monografiya / otv. red. I. V. Ershova. — M.: Prospekt, 2022. — 304 s.

2. Glandin S., Ivonina A. Komplaens: vmeste i vroz. Vydelyat li sanktsionnyy komplaens v otdelnoe podrazdelenie? // Vnutrenniy kontrol v kreditnoy organizatsii. — 2021. — № 2. — S. 106–108.

3. Glandin S., Primakov D. Sanktsionnyy komplaens v 2019 g.: tendentsii i novye veyaniya // Legal Insight. — 2019. — № 04 (80). — S. 36–39.

4. Daradonov K. V. Sanktsionnyy komplaens: voprosy dostatochnosti normativnogo obespecheniya // Biznes. Obrazovanie. Pravo. — 2021. — № 2 (55). — S. 263–268.

5. Dobrynina L. Yu., Gubareva A. V. Pravovoe obosnovanie otvetnykh mer Rossiyskoy Federatsii na ekonomicheskie sanktsii SShA, ES i ikh soyuznikov // Natsionalnaya bezopasnost. — 2020. — № 1. — S. 24–37.

6. Ershova I. V., Enkova E. E. Reforma audita & razvitie komplaensa: obzor nauchno-prakticheskoy konferentsii // Pravo i biznes. — 2022. — № 2. — S. 57–60.

7. Kvanina V. V. Ponyatie i vidy pravovykh rezhimov predprinimatelskoy deyatelnosti // Vestnik Tomskogo gosudarstvennogo universiteta. — 2017. — № 424. — S. 234–240.

8. Kosov M. E., Roshchin N. S., Lebedeva N. V. Sanktsionnyy komplaens (spetsialnye politiki i protsedury) // Alleya nauki. — 2019. — T. 2. — № 11 (38). — S. 595–608.

9. Sovremennye problemy razvitiya predprinimatelskogo i korporativnogo prava v Rossii i za rubezhom: monografiya / pod obshch. red. V. A. Vaypana, M. A. Egorovoy. — M.: Yustitsinform, 2021. — 672 s.

10. Tarasenko O. A. Formirovanie doktriny i zakonodatelstva o pravovykh rezhimakh bankovskoy deyatelnosti // Vestnik Permskogo universiteta. Yuridicheskie nauki. — 2001. — Vyp. 51. — S. 105–132.