The current enhanced sanctions in place can now be described as a new normal, and changes implemented due to Russia’s invasion of the Ukraine are likely to remain in situ for the longer term. As a result, risk strategies need to take these into account, including identifying where de-risking across holdings or a client base is the only option; this discussion will consider what the latest changes in the field of sanctions mean for the financial sector, and how to come to terms with this environment over the longer term.

• Update on the EU sanctions packages – what do the latest set of changes include, and how can you limit their impact on your business whilst adhering to these developments?
• What are the alternatives to de-risking when it comes to maintaining regulatory observance?
• How should you adjust your sanctions adherence strategies to manage the current speed of regulatory change? Do the continual updates negate the value of automation?