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NEWS: Surge in demand for sanctions compliance advice as more US designations on way – report

By PAUL O’DONOGHUE, Senior Correspondent

THE war in Ukraine has driven a surge in demand for sanctions compliance advice, with experts closely monitoring potential additions to U.S. sanctions lists.

According to the Financial Times, the SIX Sanctioned Securities Monitoring Service (SSMS) reported a 700% increase in sanctioned securities over the past two years. Its latest analysis found 7.7% of over 10,000 ETFs held sanctioned securities. Most of these funds are domiciled in China, the U.S., and Ireland, though this does not necessarily indicate domestic regulatory breaches.

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