INSIGHTS

Company owners and senior managers of global companies, including but not limited to the ones that have branches in the USA, must take their financial obligations and reputations into consideration and create an internal compliance program. Then, they must assign a compliance officer for the implementation of this program and provide full support to this officer. This will render the company and its persons immune from financial risks and serve to ensure a company culture of full compliance.

Before the Russia-Ukraine War ended, countries began to impose economic sanctions on each other. These sanctions include non-transactions with opposing banks, freezing or confiscation of foreign investor assets in the host countries. World leaders says more than $300 billion valued assets held by the Russian central bank should be seized and given to Ukraine to aid in its reconstruction.