US Prosecutors Tie ‘Glaring’ Money Laundering Scheme to Ukrainian Oligarchs

U.S. officials petitioned federal courts on Thursday, August 7, 2020, to seize hundreds of millions of dollars worth of commercial properties from Ukrainian oligarchs Gennadiy Boholiubov and Igor Kolomoisky, above, the former owners of the now-defunct Privatbank. (Alamy)


Legs & Regs


Enforcement Actions

The Office of Foreign Assets Control of the U.S. Treasury Department entered into a settlement agreement with an unnamed individual requiring the person to pay $5,000 for apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations.
The U.S. Securities and Exchange Commission issued a cease and desist order against the Greenwich, CT-based broker-dealer requiring it to pay a penalty and address the failure to file suspicious activity reports pursuant to Section 17(a) of the Exchange Act and related Rule 17a-8.