Banks: sanctions evasion driving rise in money laundering risk

Attempts by oligarchs to siphon cash out of Russia sparks heightened scrutiny of AML alerts

Russia

International banks are warning of a rise in attempts by Russian firms and individuals that are, or are likely to find themselves, subject to economic sanctions to divert cash out of the country through would-be legitimate means.

The international community has responded to Russia’s invasion of Ukraine by imposing hefty sanctions on the country’s banks and corporates, as well as individuals seen as close to the Russian executive. For banks in countries barred from dealing with such entities

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here