sanctions evasion
Skirting trade penalties
Sanctions evasion is the practice of circumventing economic penalties imposed by governments or international bodies.
Countries, companies, or individuals under sanctions use shell companies, intermediary nations, cryptocurrency, or falsified documentation to continue trade or access frozen assets: The shipping company was charged with sanctions evasion for disguising oil exports from Iran.
- smugglingIllegal covert transport
- loopholesExploitable ambiguities in rules
- embargoOfficial prohibition on trade
- blockadeSealing off a place
- traffickingIllegal transport for profit
shell companies · money laundering · dark money · black market · front companies · beneficial ownership · straw buyers · illicit · circumvention · offshore · covert · clandestine · intermediaries · third-party · transshipment · cryptocurrency · gold bars · networks
- black marketblack market, illegal trade, smugglers, contraband, traffickers
- financial crimesbank fraud, wire fraud, securities fraud, tax fraud, insurance fraud
- international crimesterrorism, state terrorism, bioterrorism, treaty violations, foreign interference
- sanctionsasset freeze, travel ban, arms embargo, oil embargo, trade restrictions
- war economieswar profiteering, war economy, war bonds, war debt, military spending
- corporate crimescorporate fraud, securities fraud, insider trading, price fixing, embezzlement
sanctions evasionlicense application
Request for official authorization
self-reporting · transparency · due diligence · disclosure · accountability
sanction, sanctions, sanctioned, sanctioning, sanctify, sanctification, sacred, sacrament, evasion