U.S. House lawmakers on Friday overwhelmingly approved banking sanctions against Russian officials allegedly linked to the detention and death of a Moscow attorney who uncovered tax fraud and official corruption. Passed 365-43 in conjunction with legislation designed to normalize trade relations with Russia, the Sergei Magnitsky Rule of Law Accountability Act would require the White House to submit to Congress a list of individuals believed to be responsible for the torture and murder of the Russian lawyer in addition to other human rights violators in the country. The bill would bar listed persons from entering the United States and require...
Although the grandson of a former head of the Communist Party USA, Bill Browder isn't exactly beloved by Russian officials, even those professing nostalgia for the Soviet Union's supposedly golden days.
At its highest levels, Russian corruption over the past 20 years has been disguised by networks of shell companies and facilitated by foreign banks willing to turn a blind eye to state embezzlement, according to Karen Dawisha, a political science professor at Ohio-based Miami University.
Diplomatic tension over Ukraine has raised doubts that the United States will attend an upcoming Moscow plenary of the world's largest anti-money laundering task force, say current and former officials.
Resolving the growing tension between data privacy restrictions and anti-money laundering laws and overseeing the next round of mutual evaluations will define Russia's stewardship of a global anti-money laundering group, say analysts.
After a busy year for federal sanctions officials, large banks with international footprints are increasingly instituting deeper, standalone audits of their related policies and procedures, say compliance officers and consultants.