FLOOD OF SANCTIONS, COUNTER-SANCTIONS AND ENFORCEMENT CREATES HEADACHES FOR AML COMPLIANCE
February 18th, 2024
As wars and civil wars intensify worldwide, international and national sanctions are being issued thick and fast and are expanding in scope and complexity. Financial institutions are scrambling to keep up, while regulators are clamping down hard on sanctions violators. The outlook is for a broadening of sanctions ahead.
While the USA leads in sanctions issuance and enforcement, other jurisdictions are being more active. For instance, on February 12 (2024), the UK sanctioned four extremist Israeli settlers in the West Bank, (1) while Russia slapped sanctions on ...
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