Since the invasion of the Ukraine by Russia in early 2022, the world is witnessing the largest sanctions and export control regime in history. With Russia more motivated than ever to evade these complex controls, evasion and circumvention techniques are becoming increasingly complex and sophisticated.

During this panel, we will explore Russia sanctions and circumvention in real life, including best practices for strengthening due diligence to prevent increasingly sophisticated evasion and circumvention techniques that are on the rise. Discussion points include:

• Exploring Canada’s approach to the forfeiture of Russian-owned assets to fund the reconstruction of Ukraine
• Breaking down counter-evasion priorities for the US, UK, EU, and Canada
  • New US efforts to prosecute Russia sanctions evasion
  • UK’s new sanctions measures against Russia
• Concrete examples of the newest, most sophisticated schemes and lessons for flagging them before it’s too late
• Strengthening due diligence, screening and compliance processes to prevent Russia sanctions evasion
• Recent prosecution and enforcement actions—and their broader lessons
• Ensuring compliance programs are robustly designed, tested and resourced to address new, uncertain risk factors