Private and public sector professionals working in Anti-Money Laundering and Combatting the Financing of Terrorism attended a Sanctions Risk Seminar organised by the Gibraltar Financial Intelligence Unit and funded by the US State Department – Bureau of International Security and Non-Proliferation. The seminar was delivered by Kharon, a data and technology firm that helps leading organisations identify a wide range of sanctions and compliance risks. 

The one-day workshop took place on Tuesday 17^th of December at the University of Gibraltar and provided valuable insights into sanctions compliance and proliferation investigations. It also highlighted the use of open-source intelligence techniques (OSINT) to uncover sanctions evasion tactics and support investigations.

Attendees explored case studies to better understand the complexities of sanctions legislation and frameworks, with a particular focus on UK, EU and US regulatory regimes. These case studies illustrated how OSINT tools can enhance due diligence, detect hidden connections and identify enforcement opportunities in a rapidly evolving environment.

Opening the event, the Minister for Justice, the Hon Nigel Feetham KC MP, stated: “Sanctions compliance is at the forefront of Gibraltar’s commitment to upholding international standards in combating financial crime. Events like this ensure that our professionals remain equipped with the knowledge and understand the tools and technologies available to navigate sanctions effectively. My Ministry is very grateful for the opportunity provided by Kharon specialists, the US State Department, and the GFIU’s proactive approach in ensuring that Gibraltar’s finance centre is kept abreast of the latest sanctions developments.”