Media Coverage

Banks Face Growing Regulatory Scrutiny Over Russia Export Control Violations

August 9, 2022

S&P Global Market Intelligence spoke to Terence M. Grugan for an article about how regulators are raising expectations for banks' compliance programs. The impetus is their concern that lenders may be breaching export controls by financing the trade of equipment for military use in Russia via intermediary countries.

Mr. Grugan is a member of Ballard Spahr's Litigation Department and Anti-Money Laundering Team.

Read the full article here. (Subscription may be required.)

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry.