Next frontier of sanctions awareness

Asia Pacific , Middle East, Europe

Moody’s Analytics will be conducting sanctions awareness workshops for banks in the following countries: Singapore, Lithuania, Czech Republic, Malaysia, Vietnam, Thailand, Indonesia, India, and Japan.

The increasing sophistry of criminal organizations has led to a rise in financial crime activity. Criminals and other bad actors often employ sanctions evasion tactics that do not raise typical red flags. Sanctions evasion is an attempt to obfuscate any links to sanctioned individuals or entities in order to move finances internationally or acquire technology. It can include the following methods: undisclosed corporate ownership data, shell companies, indirect ownership and control, and offshore complex structures.  To augment existing know your customer (KYC) processes and due diligence, businesses can adopt a hybrid threat finance approach.

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