What are comprehensive sanctions?Choisissez la meilleure optionSanctions that aim to restrict most financial and commercial interactions with a specific country, territory, or its government.Sanctions that focus on prohibiting specific activities like imports or exports of certain goods.Sanctions that apply to individuals and entities involved in criminal activities such as terrorism.

How does Revolut comply with sanctions?Sélectionnez toutes les réponses applicablesDue diligence in new product launches and vendor relationshipsCountry specific sanctions only as legally we do not have to comply with all sanctions so Global Sanctions Escalation and Reporting ProcedureAssessment, identification, monitoring, and mitigation of sanctions risks

The main purpose of sanctions is i) Prevention ii) Deterrence iii) Politics iv) Punishment. i)ii) & iii)i), ii), iv)i), ii), iii),i), ii), iii) & iv)

When assessing sanctions risks, what three levels of regulations must every regulated company consider?Choisissez la meilleure optionInternal audits, external audits, and public relations strategies.Company policies, departmental guidelines, and employee conduct codes.Customer feedback, market trends, and economic forecasts.Supranational, international, and national or local regulations.

How do US sanctions, such as those imposed by the Office of Foreign Assets Control (OFAC), extend their impact globally?Choisissez la meilleure optionBy enforcing sanctions exclusively within the territories of the countries targeted, such as North Korea, Cuba, Syria, Russia, and certain Chinese interests. By only targeting US citizens and businesses within the US borders. By applying economic restrictions, like trade embargoes and asset freezes, on foreign targets and extending compliance requirements to all transactions processed in US dollars or through the US financial system.Secondary sanctions only apply to foreign entities, and there are no penalties for non-US entities doing business with sanctioned countries or individuals.

Politically motivated sanctions on oil exports or imports have been imposed: 1 point In most cases by oil importing countries In approximately equal number of cases by oil exporters and importers In most cases by oil exporting countries