FinCEN and BIS Joint Alert: Best Practices to Increase Vigilance for Export Control Evasion
September 21, 2022
In June 2022, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a joint alert urging financial institutions to “increase vigilance for potential Russian and Belarusian export control evasion attempts.” The joint alert provides financial institutions with an overview of export control restrictions in response to the Russian invasion of Ukraine, a list of high-risk commodities, and red flags that financial institutions can use to identify suspicious transactions relating to possible export control evasion.
In this webinar, join experts from Kharon, FTI Consulting, and Brian Grant (Global Head of Sanctions Compliance, MUFG) to discuss the new guidance on Russia-related export controls, lessons learned from combating sanctions evasion, and the application of lessons learned to address export control evasion.
Managing Director, Global Head of Sanctions Compliance
Managing Director, Export Controls, Sanctions & Trade Practice
VP, Global Client Engagement