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State of Financial Crime 2023 Report

Sanctions

An internationally coordinated operation has seen the US place sanctions on notorious Irish organized crime group Kinahan, key members of its controlling family, associates, and associated businesses. A $5m reward for information leading to the arrest or conviction of gang […]

The attack on Ukrainian soil by Russian forces has not only triggered a new phase of international relations, but has transformed the international financial system. G7 members, including the European Union (EU), and like-minded partners released a flood of sanctions […]

Transaction screening is a critical extension of an effective transaction monitoring program. Sanctions breaches constitute serious offenses and can result in heavy penalty fines. Accordingly, banks and financial institutions must check customers against relevant sanctions lists as efficiently and accurately […]

We take a step back to explore the bigger picture around the Russia-Ukraine crisis, and how the situation may develop in the coming weeks and months. Following Russia’s recognition of the breakaway republics of Luhansk and Donetsk on February 22nd, […]

A bill containing extensive sanctions on persons and entities in Ethiopia has been advanced by Congress, in a bipartisan move to try and end atrocities in the region. The bill would impose sanctions on anyone who undermines peace, security or […]

As Russia amasses 100,000 troops near Ukraine’s border, the Biden administration looks likely to target banks as part of a torrent of economic sanctions in the event of an invasion. Increasing friction in the region comes eight years after Russia […]

The West African state of Mali has become the subject of new sanctions, imposed by neighboring countries in a bid to accelerate its delayed election timetable and return Mali to constitutional order.  The 15-member Economic Community of West African States […]