The US treasury department’s Financial Crimes Enforcement Network (FinCEN) and the commerce department’s Bureau of Industry and Security (BIS) have issued a supplemental joint alert urging US financial institutions to remain vigilant for potential attempts by Russia to evade US… Read More ›

restrictions
EU bans Russian gold imports, tightens export controls and restricts shipping
The EU Council has adopted further sanctions against Russia, effectively banning its most significant export after energy – Russian gold. It has also introduced new measures to prevent circumvention of sanctions by ships and extends the list of dual-use and advanced… Read More ›
FATF restricts Russia’s role in the task force but stops short of blacklisting
The Financial Action Task Force (FATF) issued a new statement last week at its plenary meetings in Berlin that restricts Russia from playing any significant role in the activities of the task force. But while the global financial watchdog continues… Read More ›
Sanctioned Russian entities can evade restrictions by engaging in gold and money laundering
Barred from generating and accessing profits from gold produced domestically or at their mining investments abroad, sanctioned Russian entities and individuals can evade restrictions imposed on them if they engage in gold and money laundering to disguise the origins of… Read More ›