In the wake of Russia’s invasion of Ukraine, western governments have imposed unprecedented financial sanctions on individuals, businesses, banks and governments in Russia, Belarus and Russian-occupied areas of Ukraine. With new sanctions continuing to be announced and a rolling series of compliance deadlines, the latest episode of the ABA Banking Journal Podcast — sponsored by IntraFi Network — features ABA VP Rob Rowe for a discussion of:

• The overall view of sanctions and what banks should be anticipating in the near future.
• How banks of all sizes, including small banks, can have exposure to sanctionable transactions.
• The role of software — and regular updates to it — as well as correspondent banking relationships in facilitating sanctions compliance.
• Red flags for sanctions evasion bankers should watch out for.

Click here to listen.