The evolving multilateral sanctions campaign against Russia in response to its 2022 invasion of Ukraine has been unprecedented in its complexity, speed, and impact.  As this campaign continues to expand and evolve, financial institutions, other vulnerable industries, and jurisdictional authorities around the world are grappling to understand sanctions against Russia and meet elevated compliance and risk management expectations, protect their reputations, and safeguard collective security.

What do these developments mean for our MENA region and our financial institutions?

K2 Integrity is at the forefront of efforts to assist financial institutions and countries around the world understand and meet evolving expectations from authorities, correspondents, suppliers, and global markets subject to those jurisdictions sanctioning Russia’s war against Ukraine.  As a key part of these efforts, K2 Integrity has partnered with the United States Department of State to engage public and private sector stakeholders in multiple countries through an ongoing global outreach, training, and certification program.

We are excited to bring K2 Integrity’s experience and expertise on these important, challenging, and timely issues to our MENA Financial Crime Compliance Group and Union of Arab Banks Membership.  We invite you to attend a one-hour webinar where K2 Integrity’s globally recognized experts will explain what these issues mean for financial institutions across the MENA region.  In particular, K2 Integrity’s panel of experts will provide an overview of the following key topics:

• The types of sanctions the United States (U.S.), European Union (EU), the United Kingdom (UK), and other authorities are imposing against Russia—and why
• The extraterritorial application and expansive jurisdictional reach of U.S., EU, and other sanctions authorities
• How jurisdictional authorities, financial institutions, and other private sector and non-profit sector organizations are implementing, overseeing, and enforcing these sanctions—and the challenges they are encountering in doing so
• The specific ways in which sanctioned Russian entities typically attempt to evade sanctions or avoid prohibitions on specified activities—and specific strategies to mitigate sanctions evasion
• How MENA financial institutions and countries can protect critical financial and economic relationships with the United States and the multilateral coalition of countries sanctioning Russia’s war against Ukraine

Come join this important session with K2 Integrity expert panelists Chip Poncy, Global Head of Financial Integrity, Mariano Federici, Senior Managing Director, and Katya Hazard, Associate Managing Director and Head of Sanctions – moderated by Chahdan Jebeyli, Group Head Legal & Compliance, Bank Audi, Lebanon.

Panelists