Topic: Sanctions Orders

The international sanctions against Russia are bringing renewed attention to offshore transparency and anti-money laundering efforts.

The Cayman Islands Monetary Authority has released a notice about the implementation of UK sanctions, including the freezing of assets, against Russian individuals and entities, following Russia’s invasion of Ukraine.

The U.K. has amended previous Sanctions Orders for the Overseas Territories with a new order that extends reporting duties to certain non-financial businesses.