Region: Russian Federation

FinCEN warns banks to brace for Russian sanctions evasion efforts

Featured in In-house

The US Treasury Department’s anti-money laundering unit has advised financial institutions to stay alert to potential evasion of sanctions imposed on Russia over its invasion of Ukraine.

08 March 2022

US export control agency targets Russian semiconductor sales

The Bureau of Industry and Security’s enforcement chief said the agency has made such cases a priority following “Russia’s unprovoked war against the people of Ukraine”.

03 March 2022

OFSI reveals fine of payments company over Russian sanctions breaches

Details of the penalty were published after the company dropped a legal challenge that could have yielded valuable insights into OFSI’s working practices for UK sanctions lawyers.

22 February 2022

UK, France urged to tighten up corporate liability for money laundering

The Council of Europe has said 14 countries including the UK are failing to comply with international standards for holding companies liable for money laundering.

21 January 2022

US export control enforcer fines electronics company over aerospace shipments to Russia

Vorago Technologies has also entered into an non-prosecution agreement with the Justice Department over the export violations.

29 September 2021

Schlumberger subsidiaries penalised in US sanctions probe

The two OFAC enforcement actions against separate Schlumberger subsidiaries add to a list of sanctions problems that the company has experienced in recent years.

28 September 2021

GIR Connect Moscow: the future of corporate investigations in Russia

One week to go until GIR Connect: Moscow. What’s next for Russian anti-corruption and white-collar enforcement will be top of the agenda at the event, which will include speakers from Yandex, the Federal Antimonopoly Service, Takeda and more.

08 September 2021

US shipping company tries to block IRS subpoenas issued on Russia’s behalf

20 August 2021

UK’s OFSI fines fintech company over Russia sanctions breaches

The case marks the first time that a company has failed to reduce a proposed OFSI penalty following a ministerial review.

05 August 2021

US oil and gas procurement company pleads guilty in Russian sanctions case

02 August 2021

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