IMPENDING U.S. SANCTIONS ON BANKS INVOLVED WITH RUSSIAN TRADE ADD YET ANOTHER ARROW IN THE TBML LAUNDRYMENS' QUIVER

The Western compliance world is nervously awaiting the impending imposition of additional American sanctions against Russia, due in large part to the recent assassination of Vladimir Putin's most prominent Opposition figure in prison. This time, however, the United States reportedly plans to affect financial institutions located outside of Russia; it apparently will hit banks whose customers trade with Russian entities, and Turkish companies, with secondary sanctions.

This new move is believed to already have had a major effect on banks located in Turkey, from the perspective of US trading companies and banks, who are known to have either scaled back their transactions with the banks in Ankara most closely involved with import & export payments involving their large trading customers.

Leave it to the imagination, and resourcefulness, of the world's laundrymen who concentrate on Trade-based Money Laundering. Expect them to have already taken full advantage of the now-changing nature of US-Turkish bank and company relationships, to hide criminal proceeds amidst the utter confusion which reigns this week, ahead of the expected imminent sanctions. Therefore, watch any change in payments involving Turkey, from bank customers who do not have a history of regular trade with Turkey, lest some imaginative TBML laundryman pulls one over on you; Watch for it.