Russia sanctions put spotlight on banks’ dirty laundry

As punitive measures against Moscow increase, so do the risks to banks from financial crime

Western nations have responded to Russia’s invasion of Ukraine by waging a war of sanctions on the Russian financial system and economy.

The US has barred Sberbank, Russia’s largest bank, from its financial system, and further Russian lenders have been hit with asset freezes or other punitive action by the European Union, UK and US. Western regulatory authorities have agreed to ban a number of Russian banks from the Swift global payments network, with details to be revealed in the coming hours

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: