By STEPHEN RAE for AMLi EUROPE should have its own OFAC-style agency enforcing EU sanctions, 12 Member States have demanded. The governments – led out by the Netherland – are supporting the proposal to take on widespread sanctions evasion by oligarchs and Russian industry. Sanctions were “being evaded on a massive scale”, the Dutch Foreign…
AML, EU/Europe, Financial Crime, Sanctions, Schuman
LATEST: EU governments demand OFAC-style agency to tackle ‘massive’ sanctions evasion by Russians across the bloc

EU SANCTIONS AUTHORITY: Dutch Foreign Minister Wopke Hoekstra (right) said: “Companies will be obliged to include end-use clauses in their contracts so that their products don’t end up in the Russian war machine,”