Pestalozzi Attorneys at Law’s Post

As you may have seen, in late 2023, the US government announced expanded authorities related to the Russia sanctions program which now exposes foreign financial institutions to secondary sanctions risks if they facilitate certain Russia-related transactions, purposefully or unintentionally. Our team at Oliver Wyman has published a paper highlighting the considerations that financial institutions must bear in mind to not end up on the wrong side of these sanctions. cc' Jon W Harvey, Rod Francis, jayant p raman, Ryan Woodrow #sanctions #antifinancialcrime

How to manage compliance risks linked to the Russia sanctions. An interesting question this paper is trying to answer…

🚫 In the complex landscape of international relations, sanctions have emerged as a primary tool for governments to exert pressure and influence over targeted entities or regimes. These measures, typically imposed in response to actions deemed contrary to international norms or security interests, encompass a wide range of restrictions, including financial sanctions targeting specific banks or financial institutions. ⛔ While the intention behind such sanctions is often noble – seeking to deter illicit activities or disrupt funding to rogue nations – their implementation can have unintended consequences, particularly for innocent individuals caught in the crossfire of regulatory actions. Read more https://lnkd.in/eNr3Rem9

🇷🇺 How are Moscow preparing for the West’s sanctions? In an article co-authored by Dr Daniel Salisbury, "The West must focus on dismantling the infrastructure that permits transnational crime to flourish, better integrate their individual sanctions regimes, and close long-standing gaps in global trade and finance regulations." Read more👇 https://ow.ly/zg6g50QOt6Y

Navigate the Changes 🔄 Explore how the new EU, UK, and U.S. sanctions impact Russia and beyond in our new blog entry. https://lnkd.in/evPeUpi3. Find out more at and share your perspectives in the comments below! #GlobalImpact #EconomicSanctions #ShareYourViews

Insightful workshop at the Geneva International Sanctions Network with Erica Moret and Thomas Biersteker, discussing five objective regimes for understanding sanctions. We drew a distinction between crime-based and value-based sanctions, which will be highlighted in my upcoming paper ‘Beyond a Single Purpose: The Complex Reasons Behind International Sanctions’. Geneva Graduate Institute European University Institute 🇨🇭🇮🇹🇺🇦 #GISN

'Deter, disrupt and demonstrate' - not a new XR slogan, but the title of the FCDO's recent sanctions strategy document. It’s a sharp contrast to the rhetoric around sanctions in 2022, and the document is probably most interesting as an overview of the key challenges and limitations faced by the UK sanctions regime. Here are my thoughts on some of the key points from the strategy. https://lnkd.in/e87RBSGf

What started out as a preparation for an in-house seminar on EU sanctions, turned into the attached script, which outlines the key aspects of individual and sectoral sanctions of the EU against Russia. The script briefly addresses any relevant sanctions topic, such as listing grounds, remedies, asset freeze, derogations, and the sectoral restrictions. In relation to “newer” topics, the script covers the “No-Russia” clause as well as the new reporting obligations contained in Article 5r Reg 833/2014. For any comments or questions, feel free to address me by PM or email. Happy reading!

The EU's 14th sanctions package has certainly given us lots to unpack. Thanks to several of our global sanctions team members for doing the hard work of summarizing, synthesizing, and highlighting the most important new restrictions and risks. Here is a link to the blog post authored by sanctions experts from our offices in Berlin, Amsterdam, Madrid and London: https://lnkd.in/eRdyR85G

Over the summer, a sharper focus on the enforcement of international sanctions as well as the introduction of further restrictions has complicated the global landscape. In our latest Quarterly Sanctions Update, Sabine Naugès, Raminta Dereskeviciute, and Michal Chajdukowski offer indispensable insight on global sanctions compliance. Don’t miss out—download the latest edition now. https://lnkd.in/eF2Aws4U #Sanctions #InternationalTrade