Patrik Salzmann and Claudia Götz Staehelin co-authored an article titled "Economic Sanctions: Money Laundering Risk for Companies" for the Economic Crime Blog of the University of Lucerne HSLU.
The article highlights the increasing business risk of economic sanctions. Companies and their representatives can be subject to criminal prosecution if they violate sanctions or fail to comply with reporting obligations. Serious violations of sanctions can be considered as predicate offences to money laundering, which can lead to corporate criminal liability. In addition to fines and imprisonment, reputational damage and the confiscation of assets threaten.
The full article is accessible at: Wirtschaftssanktionen: Geldwäschereirisiko für Unternehmen - Economic Crime Blog
