WESTERN BANK FACE TOUGH TASK IN IMPOSING DELUGE OF SANCTIONS ON RUSSIA OVER UKRAINE INVASION
June 27th, 2022
While the torrent of international sanctions imposed on Russia following its invasion of Ukraine on February 24 have slowed, the breadth and complexity of these measures have continued to challenge compliance officials in banks and other financial services.
An American Bankers Association (ABA) paper released this month noted that the sanctions deluge had been “unprecedented in its speed, complexity, and global impact”. (1) Sanctions have targeted companies and individuals with asset freezes, travel bans, transaction blocks, and more, said the ABA. They have ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.