The article delves into the challenges surrounding sanctions against Russia, despite numerous measures imposed.
Authors Alex Bashinsky and Julia Kurylo illustrate methods utilized by Russians to circumvent these restrictions. They highlight the prevalence of corruption, tax evasion, and organized crime within the Russian economy, enabled by a sophisticated system of money laundering and unrecorded cash transactions.
The authors emphasize the necessity for robust compliance programs within financial institutions, incorporating advanced AI systems to mitigate transactional challenges and curb illicit financial activities.
You can read the full article here (PDF)
GSTI
