The advantage of sanctions is it's a bit more black and white. If you're dealing with a listed person, the obligations under the law are very clear. You have to block. You freeze and then you report, so we do that.
November 23rd, 2016 / 5:25 p.m.
Senior Director, Sanctions, Global AML Group, Canadian Imperial Bank of Commerce
The advantage of sanctions is it's a bit more black and white. If you're dealing with a listed person, the obligations under the law are very clear. You have to block. You freeze and then you report, so we do that.
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