Global business and compliance risks are evolving rapidly and are no longer what they were prior to the Russian invasion of Ukraine. To this day, the consequences of this aggression are being felt by organisations throughout the entire world.

European business is no exception, as Russian “roots” over the past century have firmly penetrated the region’s economy.

In this current reality, avoiding cooperation with the sanctioned entities has acquired a new meaning. For the first time in history, the world has had to deal with a significant number of sanctions, this time against one of the most powerful players in the global economy.

New risks have led to new requirements and, one by one, European countries have seen the need to impose additional sanctions and restrictions on Russia. For instance, the UK has obliged all legal entities to provide data on ultimate beneficial owners to a new registry within six months to avoid hiding assets, while the Netherlands has set a 25% limit on the participation of Russians in business with a ban on cooperation.

Join us on Thursday, December 8 at 1:00 pm UK time for a webinar that will look at Ukraine’s experience vis-à-vis risk management as it pertains to international sanctions and the role of automatic inspections in helping out with organisations’ regulatory obligation.