Institute for Financial Integrity’s Post

We often talk about the convergence between #sanctions and #amlcft at the Institute for Financial Integrity. This special bulletin is one example of the convergence and evidence that regulators are recognizing this important, continuing development. Read it, and follow us for critical insights!

Is your company in risk of breaching sanctions? We continue to see new sanctions to be imposed and updated on a regular basis in relation to geopolitical events like the ongoing #Russia #Ukraine war. Therefore, companies that have global operations should have a clear understanding on their #sanction risk (and #exportcontrol risk) exposure - and have a robust compliance program in place and sanction compliance should continue to be a top priority for senior management. Join our webinar “Effective KYC and Sanctions Management for the Future” and explore how to prevent and effectively mitigate the risk of breaching sanctions by knowing your counterparties (KYC) and by deploying effective sanctions screening technologies. Date: Wednesday 29th of May 2024, 13:00 CEST The webinar will be featuring:  - Rasmus Grejs Beyer, Partner, Head of Financial Crime Advisory, Deloitte DK - Anders Meinert Jørgensen, CEO and co-founder, Avallone - Peter Waagstein Juhl, ICA, Manager in Financial Crime Advisory, Deloitte - Sune Warberg Clausen, Vice President of Financial Crime Prevention and Customer Success, Avallone. Register today on the link below: 👇 https://lnkd.in/daiFjEgm   #Deloitte #FinancialCrime #Sanctions #exportcontrols #Avallone

🚨With the news that the EU has extended sanctions on Russia, effective sanctions and watchlist screening have never been more critical. Like many AML/CTF processes, these screenings can put intense pressure on compliance teams. Our latest article delves into the obstacles compliance teams may encounter and offers practical solutions to enhance your sanctions screening process. https://okt.to/woyNXV

I have watched this webinar from FStech and would suggest that compliance staff within financial institutions, both big and small, should also spend an hour of their time to understand how complex and chaotic this subject is. My takeaway? Better pattern spotting needed, for example, High value, luxury cars going to Azerbaijan since the start of Ukraine/ Russian war, a country ranked 154 in corruption perception index last year. #sanctions #crapincrapout #riskandcompliance

Webinar – Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime Watch this FStech webinar sponsored by NICE Actimize webinar to gain insights into leveraging technology to enhance detection in the ongoing battle to manage sanctions risks. https://lnkd.in/e9N4Xe54

🚨With the news that the EU has extended sanctions on Russia, effective sanctions and watchlist screening have never been more critical. Like many AML/CTF processes, these screenings can put intense pressure on compliance teams. Our latest article delves into the obstacles compliance teams may encounter and offers practical solutions to enhance your sanctions screening process. https://okt.to/cgY4Xn

During this free webinar, Sune Warberg Clausen from Avalone, who has vast experience in the finance sector, and I will discuss the impact of sanctions on both financial institutions and their customers, i.e., companies. This with a special focus on product-related sanctions as seen in the current sanctions imposed on Russia.

🚨With the news that the EU has extended sanctions on Russia, effective sanctions and watchlist screening have never been more critical. Like many AML/CTF processes, these screenings can put intense pressure on compliance teams. Our latest article delves into the obstacles compliance teams may encounter and offers practical solutions to enhance your sanctions screening process. https://okt.to/WILAwl

The AML and Sanctions Whistleblower Program offers anti-retaliation protections and monetary awards to qualified whistleblowers who report money laundering and sanctions violations. Learn more about program:

Cogitate and sanctions.io Announce Partnership The rapid growth in sanctions and explosive fines for noncompliance requires a new level of due diligence, which Cogitate and sanctions.io are making simple and affordable. "Together, Cogitate and sanctions.io are delivering a new level of peace of mind within the underwriting workbench by automating hard blocks on submissions flagged for sanctions. Data integrations like sanctions.io are contributing to the speed with which underwriters are accurately evaluating and pricing risks on our platform.” - Arvind Kaushal, CEO, Cogitate Read the full release: https://lnkd.in/ehWhMapb