- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-02-21T20:07:00
Austrian-based Raiffeisen Bank International (RBI) said it received a request for information from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) regarding its business activities related to Russia and Ukraine.
In an investor news release Friday, the bank characterized the questions posed by OFAC as “general” in nature and said the regulator asked it to clarify business and related processes “maintained by RBI in light of the recent developments related to Russia and Ukraine.”
RBI said OFAC told it no specific transaction or business activity triggered the request. The bank said it is “cooperating fully” with the agency.
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The Treasury Department’s Office of Foreign Assets Control announced expanded sanctions against the Belarusian regime three years after the country’s disputed 2020 presidential election.
DXC Technology Company disclosed it might have violated U.S. sanctions and export controls against Russia in its sale of a Russian subsidiary.
The International Investment Bank, a multinational development institution headquartered in Hungary, was designated by the Office of Foreign Assets Control for potentially facilitating the evasion of U.S. sanctions against Russia.
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
