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Stock impact report

Sanctions Compliance Today: How Should Companies Protect Themselves? [Forbes]

e.l.f. Beauty, Inc. (ELF) 
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.elfcosmetics.com
Company Research Source: Forbes
Run a quick internet search on the word “sanctions,” and it is inevitable that you’ll find news about an enforcement action. Take the example of e.l.f. Beauty, which agreed to pay nearly $1 million As demonstrated by e.l.f. Beauty, the Office of Foreign Asset Control (OFAC) and the Department of Justice have taken an increased interest in stopping North Korean labor from permeating into U.S. supply chains, oftentimes through Chinese and Russian manufacturers eventually arrived in a sanctioned party’s hands Staying compliant with sanctions regulations is more complex and challenging than ever. After all, OFAC guidance clearly states that simply screening transactions is not enough. In the face of these complexities, it’s crucial to regularly evaluate your supply chain and trade operations, in order to make sure that your company is meeting compliance expectations. Both the supply chain and global trade operations are extremely complex and require a thoughtful sanctions setup. No matter Show less Read more
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