Issue 527 (Week ending 10/08/2022)

In the past few weeks, the EU proposed a new slate of sanctions in its continued response to recent global events.

The proposed new sanctions look to target Russian gold (purchase or transfer) and introduce more trade restrictions on machinery, while at the same time clarifying previously approved sanctions packages.

This will likely result in many new individuals and entities being added to the EU's Sanctions list.

We'd like to assure you that as new Sanction announcements are made, we are working hard to ensure profiles are updated as quickly as possible and available through your account to assist with your AML and Financial Sanction compliance.

In the days and weeks ahead we will continue to monitor for new announcements and while this is a fluid situation, we aim for coverage to be updated no more than 24 hours from official announcements.

You can search Sanctions under our 'PEP Search Plus' search or under 'Person Search' once you are logged into your account www.vision-net.ie. If you would like to check a batch of customers against the latest sanctions list, simply give us a call. We would be happy to help.

You may also find our AML/KYC report on companies of great assistance when seeking to check for the Ultimate Beneficial Owner of entities.

Should you have any questions on any of the above please don't hesitate to contact us on Tel: 01 903 2660 or Email: info.vision-net@crif.com