Escalating U.S.–Russia Tensions Lead to New Sanctions, Heightened Money-Laundering Risks

The United States and others have imposed economic sanctions and issued anti-money-laundering, or AML, advisories in the wake of the growing political tensions between the United States and Russia over the fate of Ukraine. In this article, SRZ attorneys Betty Santangelo, Gary Stein and Peter H. White and former SRZ attorney Nora Lovell Marchant and Lisa A. Prager summarize the actions authorities have taken to date and discuss compliance implications for U.S. businesses engaged in transactions with Russian or Ukrainian counterparties.