Russia and Ukraine: Identifying and mitigating risk

The Ukraine crisis is sending shockwaves through the private banking and wealth management ecosystem. Incumbents are winding down business in Russia, ramping up focused support for clients across the globe and managing their Russia-related risk. With global sanctions ratcheting up on the Russian Federation, economic shockwaves are being felt throughout the global financial system bringing with it challenges in due diligence and KYC processes.