The FCA has published a new webpage on developments in Ukraine in relation to providing robust systems and controls when dealing with politically exposed persons.
The FCA explains that the EU has issued asset freezes against certain members of the former Ukrainian government and their associates, and against certain individuals and entities “in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine”. It also explains that, on 31 July 2014, the EU issued further restrictive measures against Russia, which broadly:
- prohibit directly or indirectly the purchase, sale, brokering or assistance in the issuance of, or otherwise dealing with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 1 August 2014 by five named Russian banks; and
- prohibit the supply of certain goods and technologies to Russia.
View A reminder to FCA-regulated firms and issuers after developments in Ukraine, 1 August 2014