Regulatory Alerts2022-03-18
HANFA - Frequently Asked Questions Regarding Restrictive Measures and the Situation in Ukraine
The Croatian Financial Services Supervisory Agency (HANFA) issued this guidance on March 15, 2022, to clarify the implementation of international sanctions against Russia and Belarus in response to the crisis in Ukraine. The document outlines HANFA's supervisory role, detailing specific actions such as targeted questionnaires and risk-based inspections to ensure regulated entities comply with asset freezes and transaction bans. It further specifies the severe criminal and administrative penalties for non-compliance and provides a comprehensive list of relevant EU regulations and legal interpretations governing these restrictive measures.
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