RUSSIA SANCTIONS POSE COMPLIANCE HEADACHE FOR WESTERN FINANCIAL INSTITUTIONS
December 1st, 2015
The Money Laundering Bulletin has assessed the impact of western financial sanctions on Russia – looking at the impact on anti-money laundering regulation – but what of the compliance demands on financial institutions?
These sanctions are complex, showing how governments can increase the risk of making honest citizens and organisations break the law by imposing complex financial regulations.
One particular difficulty is the fine targeting of sanctions on Russia. They have, for instance, been focused on oil and gas, (notably on deepwater and shale ...
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