- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-04-27T20:12:00
A New York attorney faces up to five years in prison after pleading guilty to making payments to maintain U.S. properties secretly owned by a sanctioned Russian oligarch.
Robert Wise was retained by Vladimir Voronchenko—an associate of Viktor Vekselberg, a Russian oligarch sanctioned by the United States in April 2018—to acquire luxury properties in the United States, according an information filed Tuesday by the Department of Justice (DOJ) in the Southern District of New York.
Between 2008 and 2017, Vekselberg obtained the properties by going through shell companies. Wise managed their finances, including paying insurance and property taxes, the DOJ said. The payments for the properties were taken from interest earned on Wise’s lawyer’s trust account, also called an IOLTA account.
2023-12-22T15:10:00Z By Kyle Brasseur
Insurance organization Privilege Underwriters Reciprocal Exchange agreed to pay $466,200 as part of a settlement with the Office of Foreign Assets Control addressing alleged sanctioned transactions on behalf of designated Ukrainian-Russian oligarch Viktor Vekselberg.
2023-09-19T20:42:00Z By Jeff Dale
The Securities and Exchange Commission announced charges against New York-based Concord Management and its owner for operating as an unregistered investment adviser to a lone client: a sanctioned Russian oligarch.
2023-08-11T13:30:00Z By Aaron Nicodemus
Under increasing pressure from federal lawmakers and regulators, the American Bar Association agreed to strengthen the obligations lawyers must meet when weighing whether to stop representing clients who might be using their services to commit financial crimes.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
2025-06-16T18:04:00Z By Neil Hodge
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...
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