The London-based regtech company ComplyAdvantage has developed a new real-time interface that allows users to keep track of the 8200-plus sanctions that have been placed on Russia following its invasion of Ukraine back in February.
The company’s new dynamic ‘Sanctions On Russia‘ landing page provides a comprehensive insight into the global sanctions being levied against Russian for its unlawful invasion of Ukraine.
Since its beginning in late February, the Russian invasion of Ukraine has garnered swift condemnation and ignited an unprecedented global movement by nations, networks and enterprises to punish Russia for its unlawful invasion.
Sanctions are the primary tool being used to hold Russia accountable and have been purposefully designed to have a devastating financial impact on the Russian economy.
At the time of writing, more than 8200 sanctions have been issued globally against Russia, targeting over 10,000 individuals such as oligarch Roman Abramovich and the Russian minister of foreign affairs Sergei Lavrov; over 1600 businesses including Bank Rossiya and Promsvyazbank and across a multitude of industries from financial services, oil and gas to shipping and logistics.
Given the growing volume, velocity and complexity of the sanctions being deployed against Russia, it has been a challenging task for financial services to stay updated and to ensure that their businesses are in compliance.
This is why ComplyAdvantage has launched its new landing page, which offers regular updates of sanctions actions against Russia including the total number of sanctions issued; growth of sanctions issued per country; most sanctioned Russian individuals and business entities; types of sanctions being issued and more.
“Now is a moment in time when sanctions are truly the global tool of choice when it comes to punishing rogue nations, nefarious business entities or individuals engaged in illicit behaviours such as money laundering, terrorist financing, or human trafficking just to mention a few,” said Charles Delingpole, the founder and CEO of ComplyAdvantage.
”This is why we felt it was important to share our sanctions insights. We want not only our customers but our entire ecosystem to be better prepared and fortified against these unprecedented global events.”
The Sanctions On Russia landing page release comes weeks after the regtech launched its latest proprietary research report on the evolving use of sanctions and geopolitics, including commentary on the invasion of Ukraine.