AML-CFT Training - UN-EU Sanctions-Embargoes, Recommendations 5-8 - page 2

UN/EU Sanctions and Embargoes
What are sanctions?
restrictive measures on trade, adopted by the UN and the EU
against countries and/or individual persons, groups, legal entities,
bodies, etc. The extent of the trade restrictions varies, but
restrictions most often encompass a weapons embargo, entry ban
and imposition of freezing of funds and economic resources. In
some cases, sanctions also involve a ban on import and export of
other products other than weapons.
What is an embargo?
the partial or complete prohibition of commerce and trade with a
particular country, in order to isolate it. Embargoes are generally
considered legal barriers to trade.
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