Weekly Roundup: Baltic Banks on Frontline of Western Financial Embargo of Russia, US Prosecutors Target Abacha Assets, and More

Sweeping EU sectoral sanctions against Moscow are posing significant compliance challenges for lenders in the Baltics, where many businesses have longstanding commercial ties to Russia, ACAMS reported. More The U.S. Justice Department is finalizing the terms of a deal to seize more than $140 million from investment accounts belonging to Abubakar Bagudu, a Nigerian official accused of helping former dictator Sani Abacha embezzle and launder billions of dollars, Bloomberg reported. More Iran, the U.S. and other nations resumed talks in Vienna aimed at reviving a 2015 global pact that would suspend certain banking and trade-related sanctions against the Islamic...