Tap Stays on with Special Licences for Essential Needs

Tap Stays on with Special Licences for Essential Needs

By Robert Sanchez, ACSS Reporter June 25, 2022 The availability of goods and services to Russia does continue, albeit, with a much narrower scope. Special licenses have widened that a little, allowing exemptions to sanctions to maintain essential relationships while...
Professional Services Denied As Scope Continues to Widen

Professional Services Denied As Scope Continues to Widen

By David Williams ACSS Editor June 18, 2022 Wealthy Russians have fewer professional services to rely on following decisions by governmental offices to thwart their ability to evade sanctions. The Office of Foreign Assets Control (OFAC) is tightening the screws on...
Failure to comply with Terrorist-Related Sanctions Standards

Failure to comply with Terrorist-Related Sanctions Standards

By Saskia Rietbroek, CSS June 11, 2022 For the first time, the Financial Action Task Force (FATF) – the global money-laundering watchdog – has issued a public report about how well member countries comply with its standards. The evaluations are mutual peer reviews...
Targeting Selected Oligarchs and Their Families

Targeting Selected Oligarchs and Their Families

By Tae Young Bae June 4, 2022 Pursuing Russian oligarchs is seen as another way of getting to Putin and ratcheting up the pressure on the Russian president and his finances. In effect, the oligarchs hold much of Putin’s wealth in trust. Western allies share the hope...