Sanctions evasion - lessons learned from the Dan-Bunkering case

Rulings on breaches of EU sanctions are fortunately very rare, but the recent verdict against the Danish company, Dan-Bunkering, for violating the EU’s sanctions against Syria, holds a number of interesting lessons for other companies on the extent of their responsibilities in terms of compliance with EU sanctions. Dan-Bunkering and the Holding company was fined DKK 34 Million (EUR 4.5 Million), roughly equivalent to double what was earned on the fuel trades, and had DKK 15.6 Million (EUR 2.1 Million) of profit confiscated. The CEO of Dan-Bunkering, Keld Rosenbaek Demant, was given a four-month suspended prison sentence. For more on this case, please see https://www.reuters.com/world/europe/danish-fuel-supplier-ceo-convicted-over-jet-fuel-exports-syria-2021-12-14/

During this webinar, attorney-at-law Lars Brodersen from TradeCompliance.dk will give his assessment of lessons learned from the case and how other companies can avoid ending up in a similar situation. Lars Brodersen will give his initial assessment (roughly 20 minutes) of the case, and afterwards we will open up the floor for Q&A. The Q&A will be moderated by Senior Advisor Peter Bay Kirkegaard  from the Confederation of Danish Industry.