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