Bank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

March 29, 2024

Recent Regulations & NewsBank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

From 1 April 2024, these operations will be suspended for another six months.

The restrictions are applicable to money transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers. They were introduced on 1 April 2022.

This decision has been made to maintain financial stability.

Story from www.cbr.ru

Tags
aml compliance
aml compliance failures
aml compliance guidelines
aml compliance violations
aml enforcement actions
arms embargo
asset freeze
asset seizures
austrac
banking restrictions
bans
boycotts
capital controls
censure
china sanctions
commodity sanctions
compliance regulations
comprehensive sanctions
condemnation
diplomatic sanctions
economic sanctions
embargo
energy sanctions
eu sanctions
export controls
fatf
financial crime enforcement actions
financial restrictions
financial sanctions
fincen
finra
freezing assets
global sanctions
human rights sanctions
import controls
international embargo
international sanctions
iran sanctions
military embargo
non-compliance penalties
non-compliance with aml regulations
nonproliferation sanctions
north korea sanctions
political restrictions
political sanctions
prohibitions
regulatory enforcement
regulatory fines
regulatory monitoring
regulatory scrutiny
regulatory violations
restrictions
russia sanctions
sanction
sanctions
sanctions evasion
sanctions relief
sectoral sanctions
smart sanctions
syria sanctions
technology sanctions
trade sanctions
travel restrictions
un sanctions
unsc sanctions
us sanctions
venezuela sanctions
visa restrictions

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

By FCCAdmin

Check out other tags:

abduction administrative officer AI and Regulatory Reporting AI applications AI ethics

Former Ecuador President Lenín Moreno Sentenced to Five Years in Prison in Sinohydro Bribery Case

Former Malaysian Prime Minister Ismail Sabri Charged Over Undeclared Assets

The Corporate Transparency Act (CTA) Just Lost Its Teeth for US Companies. The Risk It Was Built to Catch Didn’t Go Anywhere.

Bank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

Check out our other content

Former Ecuador President Lenín Moreno Sentenced to Five Years in Prison in Sinohydro Bribery Case

Former Malaysian Prime Minister Ismail Sabri Charged Over Undeclared Assets

The Corporate Transparency Act (CTA) Just Lost Its Teeth for US Companies. The Risk It Was Built to Catch Didn’t Go Anywhere.

Ad

Former Ecuador President Lenín Moreno Sentenced to Five Years in Prison in Sinohydro Bribery Case

Former Malaysian Prime Minister Ismail Sabri Charged Over Undeclared Assets

The Corporate Transparency Act (CTA) Just Lost Its Teeth for US Companies. The Risk It Was Built to Catch Didn’t Go Anywhere.

Liberia Charges Former Vice President in Transnational Drug Trafficking Investigation

Former New Mexico Legislator Convicted in Federal Kickback Scheme Involving Public School Funds

CTA Rollback: FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies

Most Popular Articles

Former Ecuador President Lenín Moreno Sentenced to Five Years in Prison in Sinohydro Bribery Case

Former Malaysian Prime Minister Ismail Sabri Charged Over Undeclared Assets

The Corporate Transparency Act (CTA) Just Lost Its Teeth for US Companies. The Risk It Was Built to Catch Didn’t Go Anywhere.

Liberia Charges Former Vice President in Transnational Drug Trafficking Investigation

Former New Mexico Legislator Convicted in Federal Kickback Scheme Involving Public School Funds

CTA Rollback: FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies

İstanbul Court Jails Üsküdar Mayor Sinem Dedetaş in Expanding Corruption Probe

Former TV Star-Turned-Mayor Detained as Turkey Intensifies Crackdown on Opposition

Financial Crimes

Data Intelligence

Technology

Regulatory Update

Resources

Follow us