A new frontier in sanctions awareness and compliance
17/12/2023
Moody’s Analytics implemented a series of global sanctions conferences with the U.S. Department of State and CRDF Global, offering education and awareness on international sanctions frameworks, implementation mechanisms, and risk-based approaches.
Since Russia’s invasion of Ukraine in 2020, over $58 billion in financial accounts and economic resources owned by sanctioned Russians, and $300 billion of Russia’s Central Bank assets have been frozen by the United States and its allies. To navigate an ever-evolving sanctions list, organizations need to be equipped with the right tools and data to continuously track sanctions risk exposure.
This whitepaper covers topics on:
- Improving sanctions implementation
- Evolving methods to capture the dynamic nature of sanctions
- Continuous tracking of sanctions risk exposure through robust due diligence
- Perpetual KYC checks triggered by real-time risk events
- Compliance course of action
Get in touch if you’d like to find out more about how we can help with your organization’s sanctions compliance efforts – we would love to hear from you.
Source
A new frontier in sanctions awareness and compliance (moodys.com)
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.