Roundtable discussion at the Willson Center in USA
Following Russia’s invasion of Ukraine, the US, UK, and EU have imposed far reaching sanctions. European financial institutions have had to make a sea change in how they measure risk and implement compliance programs. Cypriot banks have been at the forefront of this effort, adopting robust compliance programs as a continuation of their post-financial crisis reforms that have seen a drastic reduction in the percentage of Russia-related deposits and transactions.
