Over the course of the last few weeks our attention has been concentrated on the rapidly evolving situation in Ukraine. Our thoughts are with all those impacted by the unfolding events. The effect on fund administration – AML sanctions compliance has come unto sharp focus.
As a business, we have taken steps to ensure Charter Group’s continuing compliance with the rapidly evolving Russia related sanctions. Charter Group has a zero-tolerance approach to sanctions non-compliance, and we will swiftly take all required actions on any sanctioned entities and continue to monitor the situation closely.
Clients should carefully review all fund investors, fund investments, vendors, and other counterparties for any applicable nexus to current sanctions and should ensure that appropriate ongoing sanctions screening processes are established and operating effectively to ensure compliance.
If you have any questions about fund administration – AML sanctions compliance or the current sanctions regime and how it can impact your business from a regulatory compliance perspective, please do not hesitate to contact your Charter Group compliance representative.
To find out more how you can help, visit https://www.gov.uk/government/news/ukraine-what-you-can-do-to-help
To find out more about the sanctions regime, visit https://www.gov.uk/government/collections/uk-sanctions-on-russia
To find out about the UK governments response, visit https://www.gov.uk/government/topical-events/russian-invasion-of-ukraine-uk-government-response
We sincerely hope that the conflict will be resolved as quickly as possible. We stand with Ukraine. https://ukstandswithukraine.campaign.gov.uk/