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US urges financial institutions to be on guard against Russian sanctions evasion

News Team, 25/04/2022

The US has urged financial institutions to be on guard against Russian sanctions evasion.

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory note on kleptocracy and foreign public corruption.  

The advisory provides typologies and potential indicators such as bribery, embezzlement, extortion, and the misappropriation of public assets - urging financial institutions to focus on detecting them. 

For pur...


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