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Midweek Roundup: Austrian Bank Sees Path Around Sanctions, FinCEN Advances Real Estate Rule, and More

Austria's Raiffeisen Bank International proposed to repatriate capital locked in Russia by directing AO Raiffeisenbank, the lender's subsidiary in Moscow, to pay Russian-headquartered Rasperia Trading Limited more than €1.5 billion worth of rubles in exchange for blacklisted oligarch Oleg Deripaska's frozen shares in Austrian construction company Strabag. More The U.S. Treasury Department's Financial Crimes Enforcement Network forwarded its proposal to subject the residential real-estate sector to anti-money laundering rules to the Office of Information and Regulatory Affairs for review, suggesting that the measure is nearing completion, Bloomberg reported. More In a legal first, German prosecutors filed a motion to permanently...

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