Reported by The Associated Press Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson, with U.S. Attorney Matthew Graves for the District of Columbia, speaks during a news conference on Tuesday at the Department of Justice in Washington. Manuel Balce Ceneta/AP WASHINGTON — A British tobacco company has agreed to pay more […]
Reported by Ana Swanson and Matina Stevis-Gridneff Late last month, American and European Union officials traded information on millions of dollars’ worth of banned technology that was slipping through the cracks of their defenses and into Russian territory. Senior tax and trade officials noted a surge in chips and other electronic components being sold to Russia through […]
Reported by Andrea Shalal and David Lawder Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior U.S. Treasury official told reporters. The firms – from the United States, Britain and […]
Reported by U.S. Department of the Treasury WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is further curbing Russia’s access to the international financial system through facilitators and their businesses. The United States, in coordination with the United Kingdom, is targeting the facilitation network of Alisher Usmanov, who […]
Reported by EURACTIV.com with AFP File photo. External view of the offices of Swiss medicine maker Novartis in Athens, Greece, 4 January 2017. [Alexandros Vlachos/EPA] Switzerland has matched the 10 rounds of ever-tightening sanctions imposed by the European Union since the Russian invasion of Ukraine in February 2022. Though Swiss trade with Russia has come […]
Reported by Colin Moynihan In the summer of 2020, Niloufar Bahadorifar, an expatriate Iranian in California, received a message from someone in her home country asking her to send money to the PayPal account of a person in Manhattan. Ms. Bahadorifar passed along $670 and forwarded proof of the transaction to Iran. The payment may […]
Reported by Jennifer Gould A Russian billionaire couple have put more than $100 million worth of trophy Manhattan apartments on the market — and that’s in addition to a third condo they just sold for close to $15 million, Gimme Shelter has learned. Valery Kogan, a Russian airport mogul, and his wife Olga, have listed their […]
Reported by Mathew Di Salvo The U.S. Department of the Treasury has warned of criminals using decentralized finance (DeFi) protocols but admitted that money launderers and terrorists typically prefer fiat currencies over crypto. In its “Illicit Finance Risk Assessment of Decentralized Finance” report released today, the U.S. body said that ransomware crooks, thieves, scammers and other criminals […]
Reported by Stephanie Baker The UK’s National Crime Agency has dropped part of its investigation into sanctioned Russian billionaire Mikhail Fridman after dramatically raiding his London home and arresting him late last year. The NCA is no longer probing Fridman on suspicion of conspiracy to defraud the UK Home Office and conspiracy to commit perjury, people familiar with the […]
Reported by Peter Landers TOKYO—The U.S. has rallied its European allies behind a $60-a-barrel cap on purchases of Russian crude oil, but one of Washington’s closest allies in Asia is now buying oil at prices above the cap. Japan got the U.S. to agree to the exception, saying it needed it to ensure access to Russian energy. The […]
Financial Crime News Briefs 