Navigating the 12th EU Sanctions Package: Reporting Requirements for Outgoing Fund Transfers
On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia. In particular, according to the new article 5r of EU Council Regulation 833/2014, a new requirement is introduced to notify, on a quarterly basis, the national competent […]