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A record of 430 participants registered for the EU-Russia sanctions webinar organised by the Chamber of SMEs
02 June 2022
The Malta Chamber of SMEs in collaboration with Diligex – AML Compliance Specialists and The Sanctions Monitoring Board earlier today organised a webinar on the Effects of EU-Russia sanctions on Maltese businesses.
Our speakers explained businesses obligations and practical ways of how businesses should go about this.
The war between Russia and Ukraine has created global uneasiness and disfunction. Maltese businesses have certainly been impacted by the effects of the war, with one of the main direct impacts being the UN- and EU-imposed Sanctions on Russia and the resulting repercussions on EU businesses.
The relevant laws applicable in Malta prohibit ALL companies and individuals from conducting business, directly or indirectly, with any sanctioned persons and/or any of their direct or indirect business interest.
ALL types of business are to evaluate their sanctions obligations in relation to wherever they conduct business. The Sanctions pose substantial obligations on any EU business and heavy repercussions both on the Maltese business itself as well as Malta as an EU country.
The speakers explained the obligations and repercussions in place and explained practical ways of how businesses should go about this.
A record of 430 participants registered for this webinar.
