Closing the Information Gap: Why Governments Must Give Banks Better Sanctions Guidance

Summary

This article examines the critical gap between government sanctions policy and its implementation by banks. It argues that governments impose sanctions and trade restrictions to prevent sensitive technologies from reaching adversaries, but fail to provide banks with the specific, actionable details needed to enforce them effectively. The piece explores how banks sit at the frontline of sanctions enforcement yet receive vague or incomplete guidance, creating compliance challenges. It calls for governments to offer clearer, more granular information to financial institutions so they can properly screen transactions and identify violations without over-compliance or under-compliance.

Source

bskyClosing the Information Gap: Why Governments Must Give Banks Better Sanctions Guidancerusi.org