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On February 24, the Financial Action Task Force on Money Laundering FATF completely suspended Russia's membership in the organization.

Companies face various types of risks that can negatively affect their operations. To ensure success, companies have to take proactive measures to manage risks, including compliance and integrity. Implementing compliance plays an important role in risk management, as failure to meet standards can result in significant financial and reputational damage.

A year ago, Russia carried out a brutal full-scale invasion of Ukraine. This day changed Ukrainians’ lives and showed the world the true face of the aggressor country. Despite our country's challenges and losses, we have shown incredible bravery and resilience. We have not broken down and relentlessly continue to fight for our Independence. The price of our Victory and Freedom is very high. We will never forget the fallen soldiers and civilians in this brutal war.

KPMG is an international network of independent firms that provide audit, tax and consulting services.

On February 21, the National Commission for Securities and the Stock Market of Ukraine adopted a decision obliging joint-stock companies and other issuers of securities to disclose information about the existence of relations with states in risk zones: Russia, Belarus, Iran, and North Korea by April 30.

We suggest you consider the following initiatives to support business this week.

The introduction of reporting processes in the company is one of the biggest challenges for implementing compliance policies.

Mazars' goal is to help building the economic foundations of a fair and prosperous world, looking after the success of their people and clients, the health of financial markets and the industry integrity. Following its goal, Mazars acts democratically and transparently both internally and externally.