Cyprus S&E Commission warning on US Russia sanctions

We previously reported on a circular issued by the Cyprus Securities and Exchange Commission, see post.  The Commission has now issued a follow up circular to remind regulated entities to consider OFAC’s SDN list and US secondary sanctions under CAATSA when assessing “anti-money laundering and terrorist-financing risks” associated with their clients and business relationships. The circular advises that “in the case of a new/prospective customer who is subject to the relevant sanctions, Regulated Entities are urged to avoid the commencement of any business relationship with such a customer.”

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About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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