At the start of 2019, OFAC agreed to an almost USD 1 million settlement with US company e.l.f. Cosmetics for apparent violations of North Korean-targeted economic sanctions. Notably, this was due to the conduct of the company’s supplier, and not the company itself. PSA has prepared a brief exploring the implications of this case and describing the importance of a robust supply chain due diligence program that covers not only a company’s suppliers, but also those suppliers’ own affiliates and business partners.

PSA Due Diligence

With more than twenty years of global experience, PSA has deep experience in due diligence, completing due diligence assignments in more than 100 countries each year.

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