Global sanctions are a major consideration for anyone involved in international trade. Essentially, they are a set of legal restrictions on trading with certain countries, individuals, or organizations. These sanctions can change frequently, and a single mistake can put a business at legal and financial risk. For example, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) regularly updates its lists of sanctioned entities, which all U.S.-based or U.S.-connected businesses must follow. You can find more information about these regulations on the U.S. Department of the Treasury’s website.