FRA Partner Charlie Steele speaks about BDO's strict approach to dealing with sanctions.
“The BDO provision certainly goes beyond what the U.S. currently requires […] taking a very conservative risk conscious approach”
With major auditing firms in the US worried about running afoul of sanctions, firms like BDO USA are pressing clients on their connections to Russia, pushing for disclosure of investors’ nationalities.
Partner Charlie Steele speaks to the Wall Street Journal about why BDO may be taking such a stringent approach, and how its measures compare with the sanctions regulations imposed by the US government.
Read the piece here