Identifying and mitigating sanctions risk used to be a relatively straightforward process of screening customers and third parties against published sanctions lists. However, the use of complex corporate structures to obscure money laundering and other illicit business activities means that this “first level” screening is no longer enough.
Enhanced sanctions regulation, including the US and EU 50 per cent rules, mean that sanctions screening must now be extended to the individuals and entities that ultimately own or control an organisation, but building this picture can take a considerable amount of time.
In this webinar we are joined by Samantha Wolreich (Special Lists Director, Dow Jones Risk & Compliance) to discuss:
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