Kieran talks with colleague Dr. Justine Walker, Global Head - Sanctions, Compliance and Risk at ACAMS, about the likely shape of sanctions against Russia should it invade Ukraine.

In the wake of ACAM’s Second Annual Sanctions Summit, Justine discusses keynote speaker and White House special advisor Peter Harrell’s promise of severe sanctions against Russia should it attack Ukraine and analyzes the Summit buzz about how the United States, United Kingdom and European Union as well as the financial industry are preparing for possible sanctions.

“In thinking of good practice… you do need to map your Russia exposure,” Justine says, adding that financial institutions and companies must ask, “Do you have investments in Russia? Do you have people in Russia? What type of securities exposure do you have? Are you exporting to Russia?” In the event of sanctions, she says, corporations should ask “What may you need to withdraw from and are you able to withdraw from that?”