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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-12-09T19:24:00
Navigating compliance with the wide array of sanctions imposed by governments around the world has always been tricky.
Russia’s war in Ukraine has ramped up the risks associated with sanctions violations, experts said Thursday during a session at Compliance Week’s virtual Third-Party Risk Management and Oversight Summit. Panelists Stephanie Brown Cripps, counsel at law firm Freshfields Bruckhaus Deringer, and Izak Rosenfeld, associate general counsel for nonprofit Access Now, each predicted sanctions enforcement will be a major trend in 2023 and beyond.
“You can see … the size of penalties and the volume of cases increasing,” Rosenfeld said. “All signs point to increased enforcement.”
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News and analysis for the well-informed compliance or audit exec.
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Subscribe now for $365
Our lowest price ($1 per day) for one year.
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2022-12-29T19:12:00Z By Adrianne Appel
The Financial Crimes Enforcement Network published an analysis of financial trends involving Russian oligarchs and how U.S. financial institutions have aided in the identification of more than $30 billion worth of sanctioned Russians’ assets.
2022-12-15T18:00:00Z By Kyle Brasseur
Panelists discussing risk ownership at CW’s virtual TPRM and Oversight Summit share their experiences educating first-line leaders on their roles and responsibilities in the TPRM process.
2022-12-14T17:30:00Z By Adrianne Appel
Panelists at CW’s virtual TPRM and Oversight Summit stressed patience in developing proper risk management and due diligence practices, advising companies to find their “north star.”
2024-07-24T17:54:00Z By Neil Hodge
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
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