Sanctions Pulse 2022 Full Year Results

                                         
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Taking the Pulse of Major Sanctions 2022 Full Year

Gain insight into the changes of major sanctions lists and watchlist data from 2022 with our Sanctions Pulse series. 
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Sanctions Pulse Infographic Series

Sanction

(noun)
sanc·tion | \ ˈsaŋ(k)-shən  \ 
an action that is taken or an order that is given to force a country to obey international laws by limiting or stopping trade with that country, by not allowing economic aid for that country, etc.1

Sanctions Pulse infographic
New administrations, new regulations and ever-changing watchlists: these and other factors are the ongoing challenges compliance professionals face to ensure sanctions compliance. 

LexisNexis® Risk Solutions regularly analyzes sanctions data from key regulators to identify trends and changes in policy. Our Sanctions Pulse infographic series outlines key changes in sanctions and watchlist data by number and focus areas, and gives insights into where regulators are focusing their attention and how companies need to respond.

Why is sanctions compliance important?

Sanctions compliance ensures businesses stay on the right side of the law and do not engage with sanctioned entities or individuals - it should form the cornerstone of any compliance program. The LexisNexis® Risk Solutions Sanctions Pulse series is a comprehensive overview of the watchlist changes from major regulators, empowering compliance professions to understand trends and implement a sanctions compliance program suited to the everchanging regulatory environment.

Analyzing the Unprecedented Sanctions Activity

Sanctions activity in 2022 was at an unprecedented scale and speed due to the ongoing situation in Ukraine. While activity has slowed since the peak in February and March, it remains significantly higher than the same period in recent years.

An intense pace of list updates at the beginning of 2022 led to an “unprecedented” year for sanctions activities:

  • 329 updates – 193 H1 and 136 in H2
  • 35% increase in the number of list updates compared to 2021
  • 2022 saw an increase in the number of sanctioned persons and entities:
    • 5,674 net additions across the four lists (3,854 in H1 and 1820 in H2)
    • 997% increase in net designations compared to 2021

The overwhelming weight of the Russia/Ukraine conflict:

  • 41.6% of all recorded list updates related to Russia/Ukraine related sanctions programs
  • 80%+ of new designations related to Russia/Ukraine related sanctions programs

Other emergencies triggered sanctions designations:

By Country:

  • North Korea – intensifying ballistic & nuclear-related activities
  • Iran – repression of protests; assistance to Russia by providing UAV
  • Syria – recruiting mercenaries supporting Russia in Ukraine
  • Myanmar – continued designation one year after the miliary coup and ongoing internal repression
  • Haiti – new sanctions program at the UN Level; U.S. had the target designated under GLOMAG for 2 years.

2022 also saw:

  • Continued sanctions activity for tackling terrorist groups globally
  • Global Human Rights & Anti-corruption sanctions remain high, as we await EU’s anti-corruption program
  • The U.S. continued aggressively sanctioning persons & entities involved in Narcotics trafficking under renewed authorities
  • Cyber crime and Chemical weapons related programs also triggered significant sanctions activity.

Download the latest Sanctions Pulse infographic to make sure you are up-to-date with the unprecedented sanctions activity in 2022.

Learn more about our Watchlist Screening solutions here.

1. Merriam-Webster. (n.d.). Sanction. In Merriam-Webster.com dictionary. Retrieved January 18, 2022, from https://www.merriam-webster.com/dictionary/sanction

 

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Previous Editions

Sanctions Pulse January - June 2022 InfographicSanctions Pulse Special Edition - 2022 InfographicSanctions Pulse January - December 2021 InfographicSanctions Pulse January - June 2021 Infographic

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