CBRE is an international company and is governed by international trade controls both in the U.S. as well as trade controls prescribed by laws within local countries. Penalties for violating the trade control regulations of the U.S. and other countries can be severe. We have adopted policy guidance that identifies countries which are subject to different levels of special restrictions and requirements and/or compliance risks under U.S. international trade regulations. In addition, the regulations of certain countries include a list of individuals and entities with which we cannot do business because the U.S. Government has identified them as being involved in terrorism, money-laundering or other criminal activity. Clients may approach CBRE to inquire about CBRE services in these countries from time to time. We must not trade with prohibited countries, individuals or entities. If you have any questions regarding export control regulations, please contact the Legal or Compliance Departments immediately.