European Sanctions Enforcement – milestone of over 2000 announced and active investigations reached

With the recent news that Finland has increased the number of its ongoing investigations, Europe (meaning the EU, the UK, Switzerland, etc) has reached the milestone of over 2,000 ongoing and public sanctions enforcement investigations being undertaken by regulators and prosecutors.

No doubt there are other investigations which are ongoing in the countries shown on the graph, and no doubt there are investigations ongoing in countries not shown and which remain confidential.

How many of these will be dropped due to inconclusive evidence or exculpatory evidence, and how many will lead to a conviction or fine or acquittal is impossible to say.

It is, without question, an unprecedented level of enforcement.


Czechia – investigation launched into Austrian bank for suspected Russian sanctions breaches

The National Anti-Terrorism Centre of Czechia has initiated an investigation into the activities of the Austrian Raiffeisen Bank International due to its subsidiary’s operations in Russia.

An earlier complaint against Raiffeisen Bank had been filed by the Association for Citizens’ and Entrepreneurs’ Rights.

Police have confirmed that the Anti-Terrorism Centre is conducting an investigation regarding the banking group. However, no further details were disclosed.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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