Global business and compliance risks are changing rapidly and are no longer what they were before February 24, 2022. Russia has invaded Ukraine, and the consequences of the invasion are felt by the whole world. European business is no exception, as Russian "roots" over the past century have firmly penetrated the economy of Western and Eastern Europe. Avoiding cooperation with the sanctioned entities has acquired a new meaning. For the first time in human history, the world has faced a significant number of sanctions, still against one of the most powerful players in the world economy.
The greatest threat lies not in direct cooperation with sanctioned entities, which are easy enough to trace, but in the fact that the number of sanctions is growing daily. It is important to see early possible traces of involvement with sanctioned companies, politically exposed persons and those who support aggression – they are first on sanctions lists, so cooperation with them is a time bomb for your business.
New risks and strategies for tracking high-risk companies
Non-obvious threats – we recognize and protect ourselves from the impact of sanctions
Compliance tools relevant in 2022-23, new approaches to verification, and practical cases.
The subject will be of interest for:
Public bodies and law-enforcement agencies
AML and KYC
Compliance experts will illustrate how to identify companies and individuals, and how diligently the Russians hide their connections in Europe and will share real-life examples revealing Russian and Belarusian connections worldwide
Head of Training and Development in YouControl
World Bank external consultant on data analysis and cybersecurity.
He has extensive experience in researching and implementing effective KYC/AML practices for banking and financial institutions.
KYC/AML practices for banking and financial institutions.
Business Development Project and Program Manager, RuAssets Data Analyst
Experienced in KYC (know-your-customer) - verification of private persons and legal entities. This includes ID card verification, document verification, and in-person verification of a person by meeting him, checking new business clients, and monitoring existing clients.