Sanctions on Russia and the emergence of corridor countries

: potential impact in compliance for BNP Paribas Factor Port

Abstract

In the wake of ongoing geopolitical and economic shifts, sanctions against Russia have disrupted global trade and financial institutions worldwide. This study investigates the potential consequences of extending these sanctions to corridor countries, with a specific focus on BNPP Factor Portugal. It explores how such an expansion could affect the institution’s compliance mechanisms, risk management strategies, and overall operational efficiency. Using a qualitative case study methodology and semi-structured interviews with key stakeholders, this study offers critical insights into BNPP Factor Portugal’s adaptive responses. The findings highlight the strategic importance of reinforcing Know Your Customer (KYC) and Know Your Transaction (KYT) procedures, conducting scenario planning, adopting AI-driven compliance tools, and ensuring continuous regulatory alignment. These measures are critical for mitigating financial and operational risks, safeguarding business continuity, and preserving institutional resilience in an increasingly complex sanctions landscape.

Date of Award	21 Jul 2025
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Joana Cardoso Fontes (Supervisor)