The Russian invasion of Ukraine which began on 24 February 2022 has displaced millions and killed tens of thousands of people. The war has also created several overlapping crises, from refugees to food supplies and massive supply chain disruption.
The conflict has also sparked waves of new laws around the world, from sanctions to tougher economic crime compliance. The main victims of the war are of course those directly caught up in it, but businesses all around the world are experiencing the effects of this unprecedented global event which shows no sign of slowing down in the next year.
VinciWorks has created a guide that reviews the key compliance challenges and lessons which have impacted on business one year into this devastating conflict.
What’s included in the guide?
The guide reviews some facts about the war and goes into detail about several compliance topics related to the war and resulting sanctions, including:
- What are international sanctions?
- Complying with sanctions on Russia
- What happens when sanctions are breached?
- What’s coming next for sanctions in 2023?
- What are the key things to remember for sanctions compliance on Russia?
Finally, there’s a section on how to stay compliant with sanctions in 2023.
Click the button below to instantly download the guide for free.
VinciWorks’ sanctions compliance solutions
The field of economic sanctions has been growing increasingly complicated in recent years. As events in Russia, Iran, China and other countries grab global headlines, businesses are struggling to stay on top of changes. Our resources include a library of free guides, policy templates, on-demand webinars and blogs to help your organisation get to grips with the latest sanctions.
Online training
All businesses are required to screen for sanctions compliance when conducting due diligence, but in particular, regulated entities should make sure everyone is up to speed on the new sanctions rules. Our courses will teach users to understand global sanctions regimes for different jurisdictions and how they affect your business. Users will learn how to apply processes for customer screening, to identify red flags and report them, and how to make sense of recent sanctions changes. For businesses also operating under EU sanctions, VinciWorks will shortly be releasing a specific EU version of the sanctions course. Please contact us for more information.
