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AML Perspective amidst the Russian Invasion of Ukraine

In addition to the humanitarian toll of the Russian invasion of Ukraine, there were also significant implications from an anti-money laundering (AML) perspective. This article will explore the AML perspective of the situation and the changes that have occurred as a result of the conflict.

UAE’s Targeted Financial Sanctions

The UAE, one of the region's major economies, has relatively lax anti-money laundering rules, which enable criminals to exploit gaps and commit financial crimes.

Swift Banking for Sanctions Against Russia

Some financial analysts have described removing Russia from SWIFT as a nuclear option, which would be an unprecedented move against one of the world's largest economies.