Guide to Sound Practices for Sanctions Screening (March 2022)

The burden on financial institutions to ensure full compliance with the sanctions protocols across territorial boundaries has increased by an order of magnitude. Sanctions screening compliance is a key concern for investment managers and regulators and non-compliance could have severe legal, financial and reputational consequences.

In light of the sanctions imposed by several countries and multilateral organizations on the Russian Federation and Belarus, AIMA, together with the support of its sponsoring partners Dechert and SS&C, developed this Guide to provide members with guidance that can be used as a starting point for how they should consider managing sanctions risk. The guidance covers topics such as sanctions screening, risk assessment, policies and procedures, roles and responsibilities and the screening process.