An unprecedented set of sanctions levied against Russian banks, politicians, and oligarchs for the country’s invasion of Ukraine means every U.S. financial institution should be on high alert for sanctions evasion.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...