Preventing Russian Sanctions Evasion: Overcoming New Due Diligence, Screening and Compliance Hurdles Amid Intensifying Enforcement

November 16, 2023 9:45am

Nabi Abdullaev
Partner
Control Risks (UK)

Svetlana Djurdjevic
Head of Sanctions Controls and Screening
Danske Bank (Sweden)

Michael Zolandz
Partner
Dentons

  • Addressing prevalence of ship-to-ship transfers as a tool of sanctions evasion, and the increased due diligence around the use of EU/UK ports
  • The aftermath of OFSI’s focus on sanctions evasion for 2023 and beyond-and the practical effect on your due diligence and screening
  • Comparing and contrasting the investigative approach ofOFSI, OFAC, and the EU Commission
  • New takeaways stemming from the enforcement coordination between OFSI, OFAC, and the EU Commission
  • The latest on efforts by regulators to drive sanctions enforcement with intelligence sharing, reporting and whistleblowing
  • Broader impact of greater penalties and criminal enforcement in relation to evasion of Russian sanctions