Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies), issued a joint statement to […]

Reported by Anne-Sylvaine Chassany, Chris Cook and Anastasia Stognei (Summary shared below. To read full report, go to: https://www.ft.com/content/3848a4ad-1426-4352-ba86-ef1279c4ffd1?syn-25a6b1a6=1) The Financial Times has uncovered evidence that A7, a Kremlin-backed fintech company established as an alternative to Western payment systems, moved more than $6.9 billion through the global banking system despite sanctions on Russia. A vast collection of internal […]