The war in Ukraine sparked a sharp rise in demand for sanctions screening and compliance advice, with industry figures now closely monitoring Donald Trump for unexpected additions to the list. The latest data from the SIX Sanctioned Securities Monitoring Service indicates that there has been a 700 per cent increase in the number of sanctioned securities over the past two years.
"With sanctions, to some extent, you have to try to predict the future," said White & Case partner Sara Nordin.
Nordin pointed out that risk assessment for fund managers and investors requires more than simply referring to a list. "The chain of exposure to sanctions could potentially be endless, for example if a sanctions measure prohibits 'indirect' transactions, through one or more third parties, with sanctioned persons," said Nordin, who has also seen a jump in demand for its sanctions-related advice.
"Whether a company would be liable for any sanctions violation that may arise as a result of indirect transactions with sanctioned persons generally comes down to diligence and risk management," she added.
The full article can be found here.
Press contact
For more information please speak to your local media contact.
