A bipartisan group of 10 senators unveiled legislation Tuesday that would require the U.S. Treasury Department to establish a "high level task force" to focus exclusively on tracking and stopping Russian money laundering operations. Under the Countering Russian Hostilities Act, the "Russia Unit" would operate as a separate branch of the department's Financial Crimes Enforcement Network and partner with American embassies and European investigators in "tracing, mapping, and prosecuting" Russian crime syndicates moving funds into and through the U.S. banking system. The legislation would also codify into law visa bans, asset freezes and other punitive measures the White House imposed...
A series of news reports alleging improper, potentially illegal dialogue and other ties between Russian officials and aides of U.S. President Donald Trump should prompt financial institutions to review batches of transactions for suspicious activity.
A former U.K. agent has claimed in an unverified, previously secret dossier published Tuesday that Russian officials threatened to blackmail U.S. President-elect Donald Trump and attempted to infiltrate Western financial institutions.
A draft bill that would enable the U.S. government to impose sanctions on corrupt officials and individuals who commit grave human rights violations anywhere in the world will soon get a House floor vote.
The U.S. Treasury Department Wednesday imposed its strongest sanctions to date in response to Russia's role in Ukrainian violence, blacklisting 12 companies in the federation's financial, energy and defense sectors.
U.S. officials are preparing to press their EU counterparts on stronger Russia sanctions ahead of a European Council meeting next week, State Department representatives told the Senate Foreign Relations Committee Wednesday.