Brian Nelson, the US Assistant Secretary of the Treasury for financial intelligence and countering terrorist financing, said the expanding list of sanctions against Russia highlighted “money laundering risks for investment advisers”. that quote Wall Street Journal.
According to him, the United States considers illegal financing to be one of the main national security problems.
In this regard, the Treasury plans to examine and eliminate loopholes in US legislation that alleged Russians could “use hedge funds and private equity to avoid sanctions.”
“We know that many Russian oligarchs and elites are trying to evade sanctions, and we are working tirelessly to prevent financial loopholes from being used to store and transport their wealth,” Nelson said.
He noted that US authorities are collaborating with “law enforcement, the US Securities and Exchange Commission and Financial Institutions Regulatory Authority” and industry representatives to “quantify potential risks”.
It was known before that there were European Union countries. can Freezing of assets of the Bank of Russia (Central Bank) of approximately 23 billion euros ($24.5 billion).
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.