The U.S. is imposing nearly 100 new sanctions on Russian elites and its industrial base, financial institutions and technology suppliers in response to the country’s war against Ukraine, the Office of Foreign Assets Control announced today. Among the new designations are two Russia-based banks, Bars Bank and Sinko Bank, and several Russia-based wealth management consulting, auditing and investment firms. In addition, the State Department designated more than 70 individuals for sanctions.
FinCEN updates guidance for financial institutions on sharing information about fraud
FinCEN issued an updated fact sheet to clarify how financial institutions can share information with each other about suspected fraud under the provisions of the USA PATRIOT Act.









