Compliance under fire: AML mid-conflict

War is the ultimate disruptor: protocols in opposing jurisdictions are changed, may be overridden, in the face of possible existential threat. The shifts and reversals pose challenges not only to the integrity of fund flows within states in dispute but to foreign financial institutions that deal with them and still need to meet compliance obligations. Mikhail Karataev articulates the particular risks and how they can be mitigated.

Mikhail Karataev (karataevnew@gmail.com) is an independent AML professional, based in Florida, USA.

War is the ultimate disruptor: protocols in opposing jurisdictions are changed, may be overridden, in the face of possible existential threat. The shifts and reversals pose challenges not only to the integrity of fund flows within states in dispute but to foreign financial institutions that deal with them and still need to meet compliance obligations. Mikhail Karataev articulates the particular risks and how they can be mitigated.