Euro SIFMANet: Virtual Asset Sanctions Roundtable Report

In May 2024, the Centre for Finance and Security (CFS) at RUSI convened a roundtable discussion with 23 stakeholders from the public and private sectors in Europe. The event was part of RUSI’s work to raise awareness on key challenges for sanctions implementation through the European Sanctions and Illicit Finance Monitoring and Analysis Network (Euro SIFMANet), funded by the National Endowment for Democracy. The discussion centred on outlining the scope of Russian sanctions evasion activity in the virtual asset industry, as well as jurisdictional vulnerabilities that can enhance exposure to this threat, and practical steps to mitigate the risk. This conference report represents the findings discussed in the roundtable discussion.