The events in Ukraine and the economic sanctions imposed on Russia raise a number of issues that financial services firms will need to consider. Above and beyond the immediate challenges arising from the imposition of sanctions on clients and counterparties, firms may also need to address concerns about market conduct and systems and controls. This new briefing note, first published on Thomson Reuters Regulatory Intelligence on 3rd May 2022, looks at some of the hot topics for financial services firms in sanctions compliance, and highlights some of the broader issues that firms may need to consider.