Anti-Financial Crime & Financial Crime Compliance
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NEWS: US authorities raise ML concerns about Raiffeisen Bank’s plans to spin off Russian arm

AUSTRIA’s Raiffeisen Bank International (RBI) is stepping up moves to hand its money-spinning Russian arm to shareholders, three people familiar with the matter said, amid mounting pressure to cut its ties to Moscow. The spin-off is designed to maintain Vienna’s banking ties with Russia, while insulating Raiffeisen from the reputational fallout of war in Ukraine….

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