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Top StoriesEU Targets Crypto Wallets in Latest Round of Russia Sanctions
U.S. Charges Russian Oligarch With Violating Sanctions, Disrupts Botnet
Date: April 6, 2022
By Sarah N. Lynch WASHINGTON (Reuters) – The U.S. Justice Department has charged Russian oligarch Konstantin Malofeyev with violating sanctions imposed on Russia after its invasion of Ukraine, saying on Wednesday he provided financing for Russians promoting separatism in Crimea. Attorney General Merrick Garland said authorities had also disrupted a type of global malicious computer...
Partnering With the European Banking Federation to Help Banks Fight Financial Crime
Date: April 4, 2022
By Glenn Smith, AML & Fraud Customer Advisory UK & I, SAS The UN agency against crime and drugs estimates that between 800 billion and 2 trillion dollars are laundered through worldwide financial systems each year, which is an astonishing 2 – 5 per cent of the world’s GDP. Tackling this problem is therefore a key focus...
In Istanbul and Dubai, Russians Pile Into Property to Shelter From Sanctions
Date: March 28, 2022
By Ceyda Caglayan, Saeed Azhar and Riham Alkousaa ISTANBUL/DUBAI (Reuters) – Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western sanctions, according to many property companies. “We sell seven to eight units to Russians every...
Deloitte’s Financial Crime Symposium Explores the Effective Management of Financial Crime Risk Across Middle East Region
Date: March 18, 2022
Deloitte recently hosted the fifth Financial Crime Symposium in Dubai, United Arab Emirates. The annual event serves as a platform to bring together leading figures from across the global financial services industry, discussing regulatory and financial crime matters in the Middle East region. This year’s conference provided a vibrant forum through keynote speakers and panel...
Crypto Industry on Defensive as Ukraine Crisis Spotlights Russia Sanctions Compliance
Date: March 10, 2022
By Hannah Lang (Reuters) – Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the...
Britain Must Have Solid Case to Sanction Russian Oligarchs, Government Says
Date: March 3, 2022
By Michael Holden and William James LONDON (Reuters) – Britain must have a solid legal case before sanctioning individuals, a government spokesman said on Thursday, following a Times newspaper report it will not designate Roman Abramovich and other Russian oligarchs for weeks or months, if at all. There have been growing calls from British lawmakers...