
Compliance officers at the Office of Foreign Assets Control offer insights on bank sanctions and licensing issues.At a meeting this week of NeuGroup’s Russia-Ukraine Crisis working group, a compliance officer from the Office of Foreign Assets Control acknowledged that the significant reduction in unsanctioned banks available to work with multinational corporations in Russia presents obstacles to companies authorized to do business in the country under US and other sanctions regimes, including firms supplying medicines. The session, moderated by NeuGroup senior executive advisor Paul…