On Jan. 22, the American Banker's Association filed a letter with the U.S. Treasury Department that diplomatically suggests that the recent "special measures" announced against the Ukraine and Nauru are not the right tools for the job. The ABA says the proposed "special measures" against Ukraine "would unduly burden U.S. institutions, have little impact on the Ukraine government and potentially act as a de facto prohibition to Ukraine transactions in the U.S." The association suggests that if the Treasury Department is so alarmed about the Ukraine it "should seek a prohibition (of transactions) outright." It says a better approach would...
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