Since Western nations condemned Russian aggression against Ukraine in March 2022, designated Russian entities have been heavily involved in evading sanctions and have introduced a continuous stream of new challenges for the financial intelligence units (FIUs) of major financial institutions.
To effectively mitigate counterparty risk in an increasingly complex global sanctions environment, bank FIUs must supplement proprietary bank data and watchlists with third-party sources and innovative analytic tools. By prioritizing certain types of information, HSBC successfully developed a proactive risk assessment program and mitigated a variety of financial crime risks stemming from the new Russia sanctions regime.
Join us on February 23 at 11 a.m. (ET) for a conversation with Patrick Dutton, HSBC’s US Head of Financial Crime Risk Assessment and Compliance Analytics, and Stephen Dennison, his lead analyst on sanctions evasion at Financial Crime Risk Assessment, on the data, approaches, and methodologies critical to proactively assessing Russian sanctions risk.
Credits: 1 CFCS or CPD credit