Beyond Sanctions: Key considerations for financial services firms

The events in Ukraine and the economic sanctions imposed on Russia raise a number of broader issues that financial services firms will need to consider, above and beyond the immediate concerns and challenges arising from the imposition of sanctions on clients and counterparties and heightened market volatility.

These include broader questions around governance, financial crime compliance and systems and controls, as well as the approach that firms want to take to manage their reputational risk and their regulatory position. Our global financial services team has broad experience supporting clients to navigate these complex issues from both a legal and compliance perspective.