Money Laundering Bulletin
Ukraine-Russia conflict [16] – sanctions: accounting, company formation, management consulting

10/5/22:
The US
Office of Foreign AssetsControl has been busy as ever since the invasion of Ukraine issuing general licenses,most recently
to recognise that Executive Order 14024 applies to theaccounting, trust and corporate formation services, and management consultingservices
sectors of the Russian economy. Directors of Sberbank and Gazprombank alsonow find themselves on the Specially Designated
Nationals list.
HerbertSmith Freehills reports on the legal instruments.