Definition
Sanctions compliance refers to the process of adhering to legal and regulatory requirements related to international sanctions imposed by governments, international organizations, or supranational entities. Sanctions compliance involves screening customers, partners, suppliers, and transactions against sanctioned individuals, entities, or countries to ensure compliance with applicable laws and regulations. Organizations must implement robust sanctions compliance programs, policies, and procedures to mitigate legal, financial, and reputational risks associated with violating sanctions laws or regulations.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.