By ALISHA HOULIHAN for AML Intelligence THE EUROPEAN Commission will shortly share details on how companies are evading Russia sanctions – and follow up in April to see what action governments taken action. It comes as the EU’s finance commissioner warned sanctions evasion in the bloc is allowing Russia continue its war in Ukraine. Mairead…
Banking, Compliance, EU, Financial Services, Regulatory, Sanctions, Schuman
NEWS: EU to share details on how companies are breaching Russia sanctions; McGuinness tells states to take action
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EU SANCTIONS: A letter to European governments from financial services commissioner Mairead McGuinness (centre) warns that executives and staff members who are EU citizens can be held responsible for breaching sanctions regardless of their location, and that EU parent countries that retain influence over subsidiaries outside the bloc can also be held to account.