U.S. compliance note on Russia-related sanctions evasion and export controls
Cracking down on third-party intermediaries used to evade Russia-related sanctions and export controls
Cracking down on third-party intermediaries used to evade Russia-related sanctions
The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, the U.S. Department of Justice (DOJ), and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued a “tri-seal” compliance note [PDF 388 KB] on cracking down on third-party intermediaries used to evade Russia-related sanctions and export controls.
Today’s OFAC release explains that the compliance note:
- Alerts the international community, the private sector, and the public to attempts by malign actors to continue to try to evade sanctions and export controls to support Russia’s military-industrial complex in support of Russia’s war against Ukraine
- Details how Russia uses third-party intermediaries and transshipment points to circumvent restrictions and obscure the true identities of Russian end users.
- Provides common red flags that can indicate a third-party intermediary may be engaged in efforts to evade sanctions or export controls
For more information, contact a professional with KPMG Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
| John Anderson Managing Director E: johneanderson@kpmg.com |
Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com |
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