Region: Russian Federation

Gazprombank bankers to challenge Swiss convictions in Putin-linked case

A court in Zurich had found four bankers at the shuttered Swiss subsidiary of Russian lender Gazprombank guilty of applying inadequate due diligence to the transactions of a Russian musician accused of acting as a “straw man” for Vladimir Putin’s personal wealth.

31 March 2023

Estonia identifies 1,500 cases of sanctions evasion

23 March 2023

DOJ looks to seize sanctioned Russian energy company’s private jet

Brooklyn federal prosecutors have obtained a warrant to seize a plane belonging to a Russian state energy company for alleged breaches of US export controls and sanctions against Russia.

09 March 2023

EU court overturns sanctions against Russian mercenary leader’s mother

08 March 2023

SEC reaches FCPA bookkeeping settlements with Rio Tinto, gambling company

Rio Tinto will pay $15 million to resolve allegations that it violated the FCPA’s books and records provisions as a part of its work in Guinea, while an Irish gambling company will pay $4 million for similar violations connected to lobbying efforts in Russia.

07 March 2023

Bankers face trial in Switzerland over suspected Putin-linked funds

Four bankers are set to face trial in Switzerland over claims they failed to carry out sufficient due diligence on Sergey Roldugin, the godfather of Vladimir Putin’s daughter.

07 March 2023

DOJ, Commerce, Treasury roll out first joint national security guidance

The new compliance note warns companies to be particularly weary of purchases routed through countries or “transshipment points” that are commonly used in schemes to violate Russia and Belarus sanctions.

02 March 2023

Danish agency examines insulation company over sanctions breach claims

The Danish Business Authority is “looking into” Rockwool after local media accused the insulation business of supplying the Russian military.

01 March 2023

DOJ moves to seize Vekselberg properties worth $75m on anniversary of Russian invasion

Prosecutors also charged a Russian national with smuggling espionage equipment from the US to Russia and North Korea in violation of export controls.

24 February 2023

US, allies to crack down on Russia neighbours assisting sanctions evasion

Ahead of the one-year anniversary of Russia’s invasion of Ukraine, Deputy Treasury Secretary Wally Adeyemo said the US along with its EU and G7 allies would renew efforts to punish sanctions evaders.

21 February 2023

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