The DOJ has requested information about how Credit Suisse and UBS handled the accounts of sanctioned clients in recent years.
September 28, 2023The EU Council said Russia's judiciary is "not independent" and is "used to systematically and severely violate the human rights of individuals opposed to the ruling regime".
September 13, 2023Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
June 23, 2023“While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last," said Attorney General Merrick Garland.
May 15, 2023Microsoft's Russia-based employees ordered software licenses in the names of parties not on the Entity List, to be used by designated persons.
April 10, 2023The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.
January 27, 2023Three Turkish state banks will stop using the Mir system in response to guidance issued by OFAC earlier this month. Two others stopped last week.
September 30, 2022Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
June 22, 2022UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
April 27, 2022Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
March 8, 2022