A long-anticipated list of prominent Russian officials and entrepreneurs issued by the U.S. Treasury Department late Monday night does not impose new sanctions but still warrants careful scrutiny from compliance departments, sources told ACAMS moneylaundering.com. In a 9-page report to Congress, the department named 114 Russian ministers, cabinet members of President Vladimir Putin, and leaders of some of the largest Russian companies as mandated last year by federal legislation. An additional 96 individuals with a net worth of at least $1 billion were included in a “List of Oligarchs.” The list quickly drew comparisons to an earlier ranking of Russian...
U.S. Representative Ed Royce (R-CA) sent a letter urging Treasury Secretary Steven Mnuchin to request that the administration determine whether the individuals included in the Report on Oligarchs and Parastatal Entities of the Russian Federation should be subject to sanctions.
The U.S. Treasury Department released a report to Congress pursuant to Section 241 of the Countering America's Adversaries Through Sanctions Act of 2017 on senior foreign political figures and oligarchs in the Russian Federation.
print