About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Rate of Annual Sanctions Growth Nears 15%, According to Refinitiv Report

Subscribe to our newsletter

The Russia-Ukraine war has caused rapid sanctions inflation since March in several autonomous sanctions programs, contributing to a sanctions inflation rate of 14.6% year on year, compared with 11.2% rate six months ago, according to London Stock Exchange Group’s Refinitiv Global Sanctions Index.

Refinitiv’s annual Global Sanctions Index white paper, the second edition of which was released last week, measures and analyzes rising hyperinflation of autonomously issued sanctions programmes.

The latest white paper, Understanding sanctions worldwide with the Global Sanctions Index (GSI), examines data from the Refinitiv World-Check Risk Intelligence database on every major sanctions regime, and the net change in the amount of sanctioned persons and entities (52,000+ as of August 2022). The index has identified sanctions hyperinflation, epitomized by a steady, yet rapid increase of 270% in the issuance of explicit sanctions since 2017.

The GSI now contains sub-indices for specific sanctioning bodies, notably the European Union (EU), Japan’s Ministry of Finance (MOF), the U.S. Office of Foreign Asset Control (OFAC), Australia’s autonomous sanctions programs run by the Department of Foreign Affairs and Trade, and the United Nations (UN). Annual sanctions inflation listed in the white paper stands at 131% for Australia (DFAT-AS), 80.1% for Japan (MOF), 55% post-Brexit for the United Kingdom (UKHMT), and 49.6% for the EU.

According to Michael Meadon, Director of Customer and Third-Party Risk Solutions – Asia-Pacific and author of the white paper, “This year’s response to the Russia-Ukraine war and the ever-changing geo-political landscape has highlighted the shift to autonomously issued sanctions inflation while the fracturing of the UN’s consensus-driven sanctions mechanism has led its share of the GSI to stay flat at 2% of the global total listed since 2017.”

This rapid inflation since March in several autonomous sanctions programs marks what Refinitiv describes as a major shift in the volumes of those autonomously issued by national governments or regional bodies. The once-prevalent consensus-based sanctions mechanisms created under the aegis of the UN are an increasingly minor component of the GSI, representing just 2% of overall sanctions.

Subscribe to our newsletter

Related content


Recorded Webinar: Proactive RegTech approaches to fighting financial crime

Financial crime is a global problem that costs the economy trillions of dollars a year, despite best efforts by financial services firms, regulators, and governments to stem the flow. As criminals become more sophisticated in how they commit financial crime, so too must capital markets participants working to challenge criminality and secure the global financial...


DTIF Partners DLC Distributed Ledger Consulting to Add Crypto Risk Metrics to Digital Token Identifiers

The Digital Token Identifier Foundation (DTIF), created by Etrading Software to provide ISO standard identifiers for digital assets based on open data principles, has reached agreement with DLC Distributed Ledger Consulting to display a crypto risk metrics score on Digital Token Identifiers (DTIs) for commonly traded tokens. The metric score, combined with the DTI standard,...


Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.


Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...