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.
2023-08-10T19:01:00Z By Jeff Dale
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.
2023-05-23T12:57:00Z By Aaron Nicodemus
DXC Technology Company disclosed it might have violated U.S. sanctions and export controls against Russia in its sale of a Russian subsidiary.
2023-04-13T18:49:00Z By Aaron Nicodemus
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.
2025-08-25T20:49:00Z By Adrianne Appel
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
2025-08-25T15:51:00Z By Adrianne Appel
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice.
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