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Midweek Roundup: Russian Lenders Face SWIFT Ban, Western Officials Freeze Russian Central Bank Assets, and More

The EU ordered the Society for Worldwide Financial Telecommunications to disconnect seven Russian lenders from payment messaging services, ACAMS moneylaundering.com reported. More European, British, Japanese, Canadian and U.S. officials banned financial institutions in their jurisdictions from processing payments or conducting foreign exchange for Russia's central bank, sovereign wealth fund and Finance Ministry following the country's invasion of Ukraine, moneylaundering.com reported. More U.K. officials face mounting criticism that their delay in blacklisting dozens of Russian oligarchs has given them an opportunity to move their assets out of Britain, the Guardian reported. More Visa, Mastercard, and American Express have ceased transacting with Russian banks for...

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