FinCEN Report Holds Key Russia-Linked Risk Considerations
February 6, 2023
Writing in Law360's Expert Analysis section, Siana Danch analyzed a report from the Financial Crimes Network focusing on Russian oligarchs.
"According to the report, the Bank Secrecy Act data filed on financial transactions of Russian oligarchs, high-ranking officials, sanctioned individuals, and their family members in 2022 revealed transactional patterns indicative of corruption and sanctions evasion, including: (1) the movement or transfer of funds or ownership of assets and trusts, (2) the purchase of high-value goods or property, and (3) changes in financial flows with links to property or companies in the U.S." she wrote.
Ms. Danch is a member of the firm's Litigation Department and Anti-Money Laundering team.
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