American banks can block their customers’ accounts if they try to use their services from Russia; credit institutions in the US calculate this using the customer’s Russian IP address. This was reported by RBC.
Dmitry Doroshko, senior M&A lawyer at ASB Consulting Group, said the company had many cases where US banks blocked clients’ accounts when they tried to make transactions from Russia. He stressed that such cases were recorded in the last year and a half.
According to Maria Chumanova, managing partner of FTL Advisers, credit institutions can block an account only if they suspect illegal activities such as money laundering. She stressed that among her company’s clients there were no cases of blocking by American banks.
Pen & Paper’s senior partner Anton Namenov noted that the US Office of Foreign Assets Control (OFAC) recommends blocking accounts of customers who want to make payments from sanctioned territories and identifying them using IP addresses. A similar measure applies, for example, to Cuba, Iran, North Korea and Syria, the Crimea region, the LPR and the DPR.
He added that Russia was not one of these regions, but suggested that banks block accounts based on their internal assessment of interaction with the Russian Federation.
Before that, it was known that there were Russian companies. collided There has been an increase in the amount of cash stranded abroad due to delays in international payment agreements.
Previously, Russia’s balance of payments left as a minus.
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Source: Gazeta
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