Navigating Sanctions Compliance Challenges in the UK and BALTIC Region

In today’s complex global landscape, sanctions compliance is critical for maintaining both legal standards and ethical responsibility. This webinar dives into the unique sanctions compliance challenges faced by organizations in the UK and Baltic region.

Our expert speakers Eimantas Vytuvis and Chris Potts share actionable insights on navigating these issues, discussing region-specific sanctions regulations, practical compliance strategies, and the impact of recent geopolitical developments.

Whether you’re a compliance officer, risk manager, or financial professional, this session provides essential knowledge to help you stay compliant and agile in the face of evolving sanctions requirements.

Tune in to learn how to strengthen your compliance framework and enhance resilience in this ever-shifting regulatory environment.

00:00 - AML Watcher UK and Baltic sanctions challenges
00:28 - Chris Potts introduces Illumini.ai platform
01:23 - Gremlins play in back after midnight water treatment
01:44 - Cofounder of global financial services platform Illumini
03:28 - Law firm specializing in sanctions compliance
04:00 - 10 years experience in AML, PPPs, AI
04:37 - Key role of public-private partnerships in sanctions implementation
05:21 - Global tensions and regulatory expectations intensify sanctions challenges
06:35 - Key differences between UK and EU sanctions implementation
11:23 - Challenges in implementing sanction regimes
13:36 - Challenges in Ukraine, sanctions in Belarus
14:33 - Financial sanctions nightmare for banks
15:52 - Burning topic Information of sanctions
16:18 - Technology's role in the proliferation finance
16:36 - Finance for proliferation rooted microwaves, circumvention
17:53 - Challenges in dual-use product classification
22:24 - Realtime data, collaboration, sanctions
24:08 - Companies used for money laundering
24:48 - Challenges of implementing 1500 sanctions reduced
25:20 - Financial institutions legal responsibility for transactions
25:59 - Investing in technology reduces financial resources
26:58 - The Best approach to combat sanctions evaders
31:32 - No business has the resources of the FBI or Interpol
32:50 - Data and rich data risk management
35:15 - Banking firms seek legal support to manage client accounts
35:41 - Increased hiring, collaboration, automation, and risk management
39:17 - Two years ago, sanctions shocked Baltics
40:43 - MLs role in FOUs transformation
41:31 - Lithuanias Customs Department fined 13m euros for sanctions violations
44:50 - US-Russia tensions Polite, antagonistic response
47:36 - Operationalizing sanctions in countries grass-roots
48:58 - Technology's role in cybersecurity
53:52 - Financial sanctions need more enforcement, segmented risk management
57:22 - Invest in training for long-term results
58:15 - Crossfunctional training for complex networks
58:44 - Clear protocols for escalation, audits, stress testing
59:09 - Key tips for managing day to day sanctions complexity
01:00:35 - ML Watchers Chris and Em thank listeners for support.