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Weekly Roundup: OFAC Blacklists Putin’s Money Man, FinCEN Seeks Comment on No Action Letters, and More

The U.S. Treasury Department Office of Foreign Assets Control blacklisted a yacht brokerage, several yachts, aircraft, and other assets and entities, and also designated Sergei Roldugin, a close friend of Russian President Vladimir Putin who allegedly manages the autocrat's offshore wealth. More Treasury's Financial Crimes Enforcement Network is seeking public feedback on whether and how to implement a no action letter process, a type of proceeding meant to spur compliance upgrades without issuing a formal enforcement action. More and More The EU blacklisted Russia's National Settlement Depository, a mechanism that the country established to service its Eurobond debt following the...

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