EU launches sanctions helpdesk to support SMEs
Key features of the EU Sanctions Helpdesk
- Personalised support: SMEs can access no-cost guidance to conduct sanctions due diligence checks effectively, reducing risks and compliance costs.
- Resource hub: A dedicated website will host sanctions-related information, including country-specific guidance, tips, training materials, event updates, and lessons learned.
- Comprehensive coverage: The EU Sanctions Helpdesk addresses all UN and EU restrictive measures, helping businesses avoid compliance-related uncertainties that might jeopardise legitimate operations.
- Expert collaboration: Working in partnership with public authorities, financial institutions, and international compliance organisations, the EU Sanctions Helpdesk will organise training sessions, joint events, and awareness campaigns.
Designed primarily for SMEs, which often lack the resources of larger organisations, the EU Sanctions Helpdesk offers support to prevent over-compliance and foster confidence in financial and business decisions.
The bigger picture
Sanctions are a central tool in the EU’s foreign and security policy, encompassing a wide range of measures from individual asset freezes to sector-wide restrictions. As compliance requirements grow amid increasing global sanctions, the EU Sanctions Helpdesk aims to simplify these processes, safeguard business operations, and promote secure engagement in international markets.
For SMEs looking to improve their compliance practices and reduce associated risks, the EU Sanctions Helpdesk serves as a valuable resource, poised to strengthen confidence and economic activity across the European Union.
For further details, the press release can be found here.