In this episode, Kieran Beer talks with colleague Dr. Justine Walker, global head of Sanctions, Compliance and Risk at ACAMS. They discuss the likely shape of sanctions against Russia, should it invade Ukraine.
In the wake of ACAM’s Second Annual Sanctions Summit, Walker discusses keynote speaker and White House special advisor Peter Harrell’s promise of severe sanctions against Russia, should it attack Ukraine and analyzes the summit buzz about how the U.S., U.K. and the EU as well as the financial industry are preparing for possible sanctions.
“In thinking of good practice... you do need to map your Russia exposure,” Walker says, adding that financial institutions and companies must ask: “Do you have investments in Russia? Do you have people in Russia? What type of securities exposure do you have? Are you exporting to Russia?” In the event of sanctions, she says, corporations should ask: “What may you need to withdraw from and are you able to withdraw from that?