Sanctions Masterclass: The War in Ukraine – What it Means for Sanctions and AML Risk Assessments
Unprecedented multilateral sanctions against Russia, the eleventh largest economy in the world, has placed a spotlight on sanctions and broader risk compliance efforts, including anti-money laundering (AML) requirements. In particular, Western officials have stressed the critical role of the compliance sector and the need to adapt risk assessment considerations to adjust to rapidly changing events. This webinar will unpack the key practical similarities and differences between economic sanctions and AML compliance regimes, including how they relate to the war in Ukraine and associated regulatory expectations for compliance officers.
Defining the primary components and international standards that should form the basis of a well-defined AML and sanctions risk assessment
Examining how the war in Ukraine has impacted existing risk assessments, including related due diligence tools to identify sanctions evasion, hidden wealth and communications surrounding risk exposure
Determining best practices for how institutions have adjusted their risk assessments in response to real-time and rapidly changing situations, and what this has meant for management and related considerations
AML Compliance Skills and KYC/CDD
Sanctions and Non-Proliferation