By Elizabeth Hearst for AMLi
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has warned financial institutions to be vigilant against “potential efforts” to evade sanctions imposed by the US following Russia’s invasion of Ukraine.
In a notice published Monday, FinCEN Acting Director Him Das said: “In the face of mounting economic pressure on Russia, it is vitally important for US financial institutions to be vigilant about potential Russian sanctions evasions, including by both state actors and oligarchs.”
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