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What are International Sanctions?

April 26, 2017International sanctions

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What are International Sanctions?

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International Sanctions are penalties applied by one country (or group of countries) on another for a variety of reasons including economic, diplomatic, trade and military sanctions. Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas. Should a current sanction apply to the country you are trying to send your payment to, an error message will generate to advise that you can not proceed.

0

Posted

International Sanctions are penalties, including economic, diplomatic, trade and military sanctions, applied by one country (or group of countries) on another for a variety of reasons. Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas. Should a relevant sanction preventing the transaction apply to the country you are trying to send your payment to, an error message will generate to advise that you cannot proceed.