Financial institutions and regulated entities face a range of sector-specific challenges when complying with sanctions arising from robust legal requirements and regulatory expectations. In addition, financial institutions and regulated entities are often engaged in activities that can implicate multiple – and occasionally conflicting – sanctions regimes. In a chapter in Global Investigations Review’s The Guide to Sanctions - Third Edition, our lawyers set out some key considerations for financial institutions and regulated entities to consider in proactively managing sanctions risks, examine some key challenges emerging in the regulated space, and offer some practical recommendations to support financial institutions and regulated entities in navigating the complexities of sanctions.

The chapter covers:

  • Customer risk management
  • Reporting obligations
  • Correspondent banking
  • Virtual currencies
  • Commingled assets
  • Recent enforcement trends
  • Sanctions clauses in financing documents
  • Alternative currency clauses

Note: This chapter is an extract from the third edition of GIR’s The Guide to Sanctions. The whole publication is available at