While financial institutions will still face challenges with sanctions compliance and detecting evasion, improvements made to sanction and export control compliance programs have better prepared them for managing the risks. That said, there were important developments in 2024, areas to watch in 2025, and, for some institutions, additional program enhancements to be made. The U.S. may shift toward tariffs under the second Trump administration, affecting global trade dynamics and the sanctions compliance landscape. 

In this whitepaper, we explain how financial institutions can refine their compliance efforts to navigate this complex environment effectively.