Cyprus Banks on the Frontline of Sanctions Compliance

Following Russia’s invasion of Ukraine, the US, UK, and EU have imposed far reaching sanctions. European financial institutions have had to make a sea change in how they measure risk and implement compliance programs. Cypriot banks have been at the forefront of this effort, adopting robust compliance programs as a continuation of their post-financial crisis reforms that have seen a drastic reduction in the percentage of Russia-related deposits and transactions.

Join us for a conversation with the top compliance officers from leading banks in the region for a look at how they have worked at the forefront of combatting Russia’s sanctions evasions efforts and to make Cyprus a model for sanctions and anti-money laundering enforcement.