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ARTICLE · 09 SEPTEMBER 2020

Managing Sanctions Risks: Key Challenges And Practical Tips For Financial Institutions And Regulated Entities

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The chapter is an extract from the first edition of The Guide to Sanctions.

GlobalFinance and Banking
Jason Hungerford
Jason Hungerford
Ori Lev
Ori Lev
Tamer A. Soliman
Tamer A. Soliman
Timothy C. Lee
Timothy C. Lee
James Ford
James Ford
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Financial institutions and other regulated entities engage in activities that not only require compliance with strict laws and regulations but also can fall under the purview of multiple, and potentially conflicting, sanctions regimes. In a chapter in Global Investigations Review's inaugural The Guide to Sanctions, our lawyers discuss important considerations for financial institutions and regulated entities and provide tips for navigating sanctions regimes and mitigating their attendant risks. The chapter covers:

  • Customer risk management
  • Reporting obligations
  • Correspondent banking
  • Virtual currencies
  • Commingled assets
  • Recent enforcement trends
  • Sanctions clauses in financing documents
  • Alternative currency clauses

Note: The chapter is an extract from the first edition of The Guide to Sanctions. The whole publication is available at https://globalinvestigationsreview.com/edition/1001530/the-guide-to-sanctions-first-edition.

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Download PDF (Chapter begins on p. 9)

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© Copyright 2020. The Mayer Brown Practices. All rights reserved.

This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

Visit us at mayerbrown.com

Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) and non-legal service providers, which provide consultancy services (collectively, the "Mayer Brown Practices"). The Mayer Brown Practices are established in various jurisdictions and may be a legal person or a partnership. PK Wong & Nair LLC ("PKWN") is the constituent Singapore law practice of our licensed joint law venture in Singapore, Mayer Brown PK Wong & Nair Pte. Ltd. Details of the individual Mayer Brown Practices and PKWN can be found in the Legal Notices section of our website. "Mayer Brown" and the Mayer Brown logo are the trademarks of Mayer Brown.

© Copyright 2026. The Mayer Brown Practices. All rights reserved.

This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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