Why a comprehensive investigative strategy is crucial to avoid sanctions exposure
Contents
In a series of blogs coinciding with the release of our Sanctions in Cryptocurrencies report, we have identified a number of steps that compliance teams can take in order to protect their organizations from exposure to sanctioned entities.
These included managing your country risk exposure, tips on how to identify red flags, using effective blockchain monitoring solutions, and embedding a risk management framework.
In the final post in this series, we will explore the importance of defining your investigative strategy. This way, in the event of identifying a risk, you will be equipped to uncover potential sanctions breaches and report them to the appropriate authorities.
Digging deeper
In the case of potential exposure to sanctioned entities, compliance teams need an investigations strategy that allows them to look in depth at customer activity and exhaustively scrutinize it.
This applies in particular to cases related to sanctions, as even indirect and supposedly remote connections between sanctioned parties …
These included managing your country risk exposure, tips on how to identify red flags, using effective blockchain monitoring solutions, and embedding a risk management framework.
In the final post in this series, we will explore the importance of defining your investigative strategy. This way, in the event of identifying a risk, you will be equipped to uncover potential sanctions breaches and report them to the appropriate authorities.
Digging deeper
In the case of potential exposure to sanctioned entities, compliance teams need an investigations strategy that allows them to look in depth at customer activity and exhaustively scrutinize it.
This applies in particular to cases related to sanctions, as even indirect and supposedly remote connections between sanctioned parties …