TOP STORY

Jul

29

America’s Art Industry Helped Russian Oligarchs Evade US Sanctions

In a report published Wednesday, July 29, 2020, American lawmakers accused the U.S. art industry of helping Russian national Arkady Rotenberg, chairman of SMP Bank, evade sanctions. (Getty Images)

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Legs & Regs

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Enforcement Actions

The Monetary Authority of Singapore revoked the Capital Markets Services License of the Singapore-based investment firm for its failure to comply with anti-money laundering and counterterrorist financing responsibilities.
The Office of Foreign Assets Control of the U.S. Treasury Department ordered the Elverson, PA-based cookware coating manufacturer to pay $824,314 to settle its potential civil liability for its foreign subsidiaries’ sales to Iran.