Sanctions and export control evasion techniques and practical steps to identify, assess and mitigate risk
Journal: Journal of financial compliance.
Year: 2025

Economic sanctions and trade sanctions have been utilised as diplomatic tools for many years. Since the annexation of Crimea in 2014 and the subsequent illegal invasion of Ukraine by Russia in 2022, the extent and scope of economic and trade sanctions have expanded significantly. Financial institutions (FIs) remain at the forefront of managing the risks associated with these sanctions, both to meet regulatory requirements and expectations and to manage the risks presented by their client portfol