• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Analysis of Anti-Money Laundering Efforts and Sanctions: Insights and Perspectives

Analysis of Anti-Money Laundering Efforts and Sanctions: Insights and Perspectives

06/03/2024
Supreme Court to Decide Future of Trump-Era Tariffs

Supreme Court to Decide Future of Trump-Era Tariffs

09/18/2025
Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

09/18/2025
Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

09/18/2025
Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

09/18/2025
What tariffs has Trump announced and why?

What tariffs has Trump announced and why?

09/18/2025
Hands holding a digital globe surrounded by global business icons. Goenvi Technologies. - Supply Chain News

Goenvi Technologies Nominated for the Go Global Awards 2025

09/18/2025
Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

09/17/2025
Sow Property Consult Limited: Driving Excellence in Transport and General Trading

Sow Property Consult Limited: Driving Excellence in Transport and General Trading

09/17/2025
Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

09/17/2025
B.Est Solutions Estonia Nominated for the Go Global Awards 2025

B.Est Solutions Estonia Nominated for the Go Global Awards 2025

09/17/2025
Emerge and Rise Nominated for the Go Global Awards 2025

Emerge and Rise Nominated for the Go Global Awards 2025

09/17/2025
CODERS Nominated for Go Global Awards 2025 in London

CODERS Nominated for Go Global Awards 2025 in London

09/17/2025
supplychainreport
Thursday, September 18, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Analysis of Anti-Money Laundering Efforts and Sanctions: Insights and Perspectives

by Daisy D.
06/03/2024
in Anti-Money Laundering (AML), Compliance

In recent times, there has been a focus on examining the impact of sanctions, shedding light on enhanced governmental collaboration and data sharing practices. At a recent event hosted by the Brookings Institution titled “Sanctions on Russia: What’s working? What’s not?” in May 2024, Daleep Singh, the US Deputy National Security Advisor, International Economics, emphasized the role of sanctions as one among various tools. Singh underscored the substantial impact of sanctions on Russia over the past two years, with measures targeting approximately 4,500 individuals and entities, many of which are newly formed shell companies post-Russia’s invasion of Ukraine in February 2022.

The collective effort of the US and its allies has resulted in the freezing of over $300 billion in assets, according to Singh. Suggestions have been made to allocate these assets into government bonds, with the accrued interest earmarked to support Ukraine in its defense against Russia.

YOU MAY ALSO LIKE

RightVantage Exim Launches Free Tariff Analysis Tool

Maprima Management BV: Driving Corporate Services Excellence Across the Benelux

The Magnitsky Act, named after Sergei Magnitsky, a Russian lawyer and whistleblower who died in prison under suspicious circumstances in 2009, plays a crucial role in combating money laundering and human rights violations. The act empowers authorities to sanction foreign officials involved in such transgressions by freezing their assets. This legislation, initially enacted in the US in 2012, has since been adopted by 35 countries, including 25 EU member states, who collectively enforce sanctions against Russia.

Investigations into money laundering activities involve meticulous analysis of transactional flows derived from illicit sources. A notable example is elucidated in Bill Browder’s book “Freezing Order,” recounting the Magnitsky case, wherein investigations led to the identification of suspicious transactions spanning multiple countries.

Efforts to combat money laundering entail significant financial investments, with financial institutions allocating substantial resources to anti-money laundering (AML) technology and operations, amounting to nearly $60 billion in 2023. Simplifying the AML investigative process involves streamlining data accessibility through a unified, contextualized knowledge graph approach, which could alleviate the burden associated with navigating disparate data sources across various jurisdictions.

While envisioning a global framework akin to the Magnitsky Act, the primary challenge lies in coordinating access to diverse databases maintained by local government entities. Nonetheless, the potential benefits of such a unified approach outweigh the complexities of navigating fragmented data landscapes.

Explore top supply chain news stories at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#AntiMoneyLaundering #SanctionsAnalysis #FinancialCompliance #AMLInsights#SupplyChainNews

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.