Managing Sanctions Risks: Key Challenges and Practical Tips for Financial Institutions and Regulated Entities

Financial institutions and other regulated entities engage in activities that not only require compliance with strict laws and regulations but also can fall under the purview of multiple, and potentially conflicting, sanctions regimes. In a chapter in Global Investigations Review’s The Guide to Sanctions (Second Edition), our lawyers discuss important considerations for financial institutions and regulated entities and provide tips for navigating sanctions regimes and mitigating their attendant risks. 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 is an extract from the second edition of GIR’s The Guide to Sanctions. The whole publication is available at https://globalinvestigationsreview.com/guide/the-guide-sanctions/second-edition