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Financial Sanctions Risk, Compliance, and Long-Term Strategy
In this episode, we break down the real—and often misunderstood—world of sanctions risk for financial institutions. Forget the idea that simply avoiding certain correspondent relationships will keep a bank safe. As we explore in depth, sanctions exposure is far more complex, encompassing secondary sanctions, reputational damage, and the growing reach of extraterritorial enforcement.
We look at recent trends showing how regulators like OFAC and the EU are issuing multi-million-dollar penalties to banks that underestimate or poorly assess their risk landscape. And we shine a light on why trying to exploit regulatory grey areas or loopholes is a dangerous, short-term game that can quickly escalate into severe consequences.
Most importantly, this episode makes the case for a proactive, long-term compliance strategy — one built on genuine partnership between senior leadership and compliance teams. In a fast-shifting regulatory environment, that collaboration isn’t just good practice; it’s essential for protecting a bank’s future.
Published on 1 month, 1 week ago