Session Details
Sanctions and screening under conflict

Presenting Speakers

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About the Session

TradFi roadblocks have been erected quickly to prevent access to the financial system.  Firms need to know much more about underlying assets and beneficial ownership than ever  before as new ISO messaging standards take affect. On-boarding, KYC and sanctions screening teams are under pressure.  Discerning real negative news from disinformation requires carefully-tuned risk frameworks and clear gaps exist between customer, instrument, trade and payments data sets. How are RegTech solutions evolving to meet the needs of new TradFi and digital actors?

Regulatory Challenges
  • FCA claims regarding sanctions tooling here 
  • US sanction on virtual currency mixer here
  • Wolfsberg negative news screening FAQ here
  • Treasury Committee -Oral evidence: Russia: effective economic sanctions here
  • Sanctions screening for indirect investments here
  • House of Commons Treasury Committee Defeating Putin: the development, implementation and impact of economic sanctions on Russia here
  • FCA Statement on new financial sanctions measures in relation to Russia here
  • FCA ‘Dear CEO’ letter on AML failings to be corrected by 17 September 2021  here
  • HM Treasury consultation on Money Laundering Regulations (MLRs) – including the role of new technology here
  • 2021 AML package here 
  • Screening obligations for cross-boarder instant payments
  • The Russia-Ukraine Crisis: What does it mean for the markets? here
New RegTech/SupTech drivers
  • JWG: 10 Sanctions RegTech priorities here
  • JWG: RegTech & Sanctions 2022 here
  • AI: a winning strategy for payments here
  • US Treasury Virtual Currency Mixer sanction here
  • RUSI Europe – Bit by Bit: Impacts of New Technologies on Terrorism Financing Risks here
  • Compliance Clarified – Season 4, Episode 10 here
  • Office of Foreign Assets Control (OFAC) – A Framework for OFAC Compliance Commitments here
  • FATF stocktake on data pooling, collaborative analytics and data protection here and Suggested actions to support the use of new technologies for AML/CFT here
  • FATF Opportunities and Challenges of New Technologies for AML/CFT here 
  • Linking risk control frameworks to a fast moving obligations
  • Mitigating sanctions risk via blockchain here
  • Embedding changing rules / tokenization to assets
  • EBA draft guidelines on supervisory data exchange with FIUs here
  • FinCen Privacy Enhancing Technologies workshop here beneficial ownership non-public database here