Regulatory Alerts2022-03-16
Russia-Related Sanctions and Illicit Finance FIU Working Group Statement of Intent
Financial Intelligence Units from Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, the United Kingdom, and the United States have issued a joint statement of intent to combat Russia-related sanctions evasion and illicit finance. The group commits to enhancing the collection and rapid sharing of financial intelligence, developing best practices, and strengthening operational ties between intelligence agencies, law enforcement, and the private sector. This coordinated effort seeks to overcome fragmented legal frameworks for sanctions data sharing and directly support international task forces focused on economic sanctions and asset recovery.
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