Sanctions Forcing Banks to Re-Assess Russian Relationships

Posted on

With the U.S. and Europe implementing new economic sanctions against Russia in response to its government’s intervention in Ukraine, Russian interests may become the new epicenter of the global flight from risk.

Global financial institutions are under unprecedented scrutiny from governments and regulators for their financial crimes compliance. Faced with massive fines and challenging regulations, many institutions are simply exiting markets where these risks are the highest rather than trying to manage them.

Read More