Managing Compliance and Transactional Risks: Spotlight on Sanctions, Anti-money Laundering and Counter-terrorism Financing & Corruption

On 27 July 2023, Rajah & Tann organised its monthly “LearningBytes” lunchtime series, with this month’s seminar titled “Managing Compliance and Transactional Risks: Spotlight on Sanctions, Anti-money Laundering and Counter-terrorism Financing & Corruption”. Sanctions figure prominently in all aspects of business so long as it is cross-border or involves another currency for payment. The long arm of some sanctions regimes, including the US sanctions, means their sanctions may apply to individuals even if they are not citizens of that country, or to business entities not organised in that country. Kala Anandarajah, BBM, Head of the Competition & Antitrust and Trade Practice and Partner Yusfiyanto Yatiman from the White Collar Crime Practice discussed the implications of the changing sanctions landscape on businesses. They also touched on the legislative and regulatory frameworks relating to sanctions in order for the businesses to avoid inadvertently supporting, facilitating, or being used as a conduit for money laundering, terrorism financing or corruption.