Senate lawmakers approved a sanctions measure Tuesday aimed at Russian officials allegedly tied to the 2009 death of a well-known anti-corruption lawyer who was severely beaten in a Moscow prison. The Senate Foreign Relations Committee unanimously approved an amended version of the Sergei Magnitsky Rule of Law Accountability Act, which would mandate that U.S. banks freeze the assets of Russian officials tied to the lawyer's torture and other human rights violations. The House Foreign Affairs Committee passed a companion bill by voice vote earlier this month. Under the measures, which have yet to be approved by full votes and may...
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.
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.