As part of MENA FCCG’s outreach to enhance financial crime literacy across the MENA region and beyond, Royal United Services Institute (RUSI), the world’s oldest and the UK’s leading defense and security think tank, has agreed to present a two-hour webinar on Monday, July 8 from 10:00 AM – 12:00 PM UK time on Russia sanctions.

Specifically, RUSI experts will update participants on the current sanctions regimes affecting the Russian Federation, as well as relevant – publicly reported – sanctions evasion cases involving the private sector to which participants should be alert in case they face being inadvertently involved in similar cases themselves. This section will also feature the advisories on Russia’s abuse of the global financial and trade systems published by the US, EU and UK on key risks for financial institutions. Key topics relevant to the MENA region might include the trade in gold, correspondent banking and the abuse of corporate structures and enablers of sanctions evasion.

RUSI experts will also discuss the typical responses to Russia sanctions from the private sector and best practices from around the world, including examples of enhanced KYC and due diligence processes in the context of the MENA region. Case studies will be used to engage participants, and they will be encouraged to contribute their own experiences and share their challenges.

Click to view the invitation letter that contains the agenda.

Click to view presentation material