The Treasury Department’s Office of Foreign Assets Control sanctioned Transkapitalbank, a Russian commercial bank, and its subsidiary, Joint Stock Company Investtradebank for sanctions evasion activity connected to the recent Russian invasion of Ukraine.
With the Russian invasion of Ukraine still ongoing, the Treasury Department’s Office of Foreign Assets Control today announced additional significant steps to sanction Russian individuals and entities.
The Treasury Department’s Office of Foreign Assets Control today announced sanctions against Hydra Market, the world’s largest and most prominent darknet market, for being responsible or complicit in cyber-enabled activities against the United States.
Acting Comptroller of the Currency Michael Hsu today told attendees at ABA Risk 2022 that Russia’s invasion of Ukraine could trigger a recession.
As the Office of Foreign Assets Control works to crack down on sanctions evasions networks and technology companies associated with the Kremlin, it announced today that it is designating an additional 21 entities and 13 individuals. It also expanded sanctions authorities to include the Russian aerospace, marine and electronics sector.
Banks should have a step-by-step plan on how to handle cyber-attacks, including securing whatever data possible and quickly notifying law enforcement.
The Treasury Department’s Office of Foreign Assets Control today issued a new round of sanctions in response to the ongoing invasion of Ukraine.
In the wake of Russia’s invasion of Ukraine, western governments have imposed unprecedented financial sanctions on individuals, businesses, banks and governments in Russia, Belarus and Russian-occupied areas of Ukraine.
Speaking at an industry event today, Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes at the Treasury Department, lauded the financial industry’s quick response to implement a growing list of sanctions against Russia and individuals close to President Putin, in light of the recent invasion of Ukraine.
The Financial Crimes Enforcement Network today issued an alert reminding financial institutions of the importance of identifying and quickly reporting suspicious transactions in connection with sanctioned Russian elites and their families.