ComplyAdvantage launches a live sanctions tracker for Russia updates

By John Reynolds on Wednesday 11 May 2022

Digital Banking

In the dashboard, ComplyAdvantage has compiled all new data it has relating to sanctions designations since the invasion, helping keep businesses up to date and ensure they are compliant.

ComplyAdvantage launches a live sanctions tracker for Russia updates
Image source: Charles Delingpole/ ComplyAdvantage.

UK compliance data provider ComplyAdvantage has launched a live sanctions tracker, an interactive dashboard displaying the latest sanctions on Russia following its invasion of Ukraine.

Amid Russia’s invasion of Ukraine, fintech CEOs were asking themselves how the crisis would impact them, with some choosing to outsource expertise to dedicated reg-tech firms like ComplyAdvantge.

In the dashboard, ComplyAdvantage has compiled all new data it has relating to sanctions designations since the invasion, helping keep businesses up to date and ensure they are compliant.

This includes the total number of sanctions issued; growth of sanctions issued per country; most sanctioned Russian individuals and business entities, and types of sanctions being issued.

“Now is a moment in time when sanctions are truly the global tool of choice when it comes to punishing rogue nations, nefarious business entities or individuals engaged in illicit behaviours such as money laundering, terrorist financing, or human trafficking just to mention a few,” said Charles Delingpole, founder and CEO of ComplyAdvantage.

”This is why we felt it was important to share our sanctions insights. We want not only our customers but our entire ecosystem to be better prepared and fortified against these unprecedented global events.”  

In March, ComplyAdvantage said the web traffic to its sanctions page has increased from 100 views per week to 4000 views per week since the escalation in policy action towards Russia.

With swathes of clients relying on up-to-date sanctions intel, the company  has a sanctions screening team active 24/7 to monitor new information and update resources as new information comes in.

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