FinCEN analysis: Trends in Russia export control evasion attempts
By 
Jeff Dale2023-09-11T16:51:00
Analysis of suspicious activity reports (SARs) by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) indicates nearly $1 billion in suspicious activity in cases of suspected evasion of Russia-related export controls.
FinCEN leveraged information derived from Bank Secrecy Act (BSA) reporting after it issued joint alerts with the Department of Commerce’s Bureau of Industry and Security (BIS) addressing potential attempts by Russia to evade U.S. export controls, said acting FinCEN Director Himamauli Das in a press release Friday.
The agency’s financial trend analysis found patterns on suspected evasion of export controls to aid Russia’s war in Ukraine, including:
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