Russia Archives - Compliancex

U.S. to sanction over 300 Russian elites and block Russian central bank gold

Jack J. Kelly Bank Gold, Russia, Sanctions, United States March 24, 2022

The United States plans to sanction approximately 400 Russian individuals and entities, including more than 300 lawmakers from the Duma, the lower house of the Russian parliament, and Russian elites, a senior Biden administration official said Thursday. As Russia’s unprovoked and increasingly brutal invasion of ...Read More

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Anonymous declared a ‘cyber war’ against Russia. Here are the results

Jack J. Kelly Anonymous, Cyber War, Hackers, Russia March 16, 2022

More than three weeks ago, a popular Twitter account named “Anonymous” declared that the shadowy activist group was waging a “cyber war” against Russia. Since then, the account — which has more than 7.9 million followers, with some 500,000 gained since Russia’s invasion of Ukraine — ...Read More

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Blockchain Forensics Firm Uncovers 15 Million Crypto Addresses Tied To Sanctioned Russians

Jack J. Kelly Blockchain, crypto, Digital Currency, Forensic Accounting, Russia March 15, 2022

A crypto forensics firm announced the discovery of information on a digital wallet believed to be associated with Russian oligarchs and sanctioned officials. Tom Robinson, co-founder of Elliptic, disclosed Monday that the wallet has large digital asset holdings worth millions of dollars. Illicit Crypto ...Read More

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Credit Suisse Has $914M Russian Exposure, Calls It ‘Not Significant’

Jack J. Kelly Assets, Banks, Credit Suisse, Russia March 10, 2022

Credit Suisse, which is the second-largest bank in Switzerland, said that its net loan exposure to Russia at the end of 2021 was at CHF 848m ($914m). Additionally, the lender highlighted that its Russian exposure “is not significant.” The bank’s annual report published on ...Read More

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Here’s what happens to Russian oligarch yachts after they’re seized

Jack J. Kelly Europe, Russia, seized, yacht March 9, 2022

European governments that seized or the yachts and villas of Russian oligarchs now face a more difficult question: what to do with them? The sanctions against Russian oligarchs imposed by the European Union, the UK, the U.S. and other countries unleashed a wave of ...Read More

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Coinbase says it’s blocking 25,000 Russia-linked crypto addresses

Jack J. Kelly Blockchain, Coinbase, Cryptocurrency, Russia, Ukraine March 8, 2022

Coinbase says it’s currently blocking 25,000 cryptocurrency addresses linked to Russian people or entities, defending itself against claims that Russia could evade sanctions with crypto. In a blog post published yesterday, chief legal officer Paul Grewal outlined how the financial exchange is complying with new rules ...Read More

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Joe Biden to sign an executive order on crypto to stop Russia evading Ukraine war sanctions

Jack J. Kelly Biden, crypto, Executive Order, Russia, War March 8, 2022

US president Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concerns in recent weeks about Russia’s use of ...Read More

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European banks told to step up cyberattack defenses amid Russia-Ukraine crisis

Jack J. Kelly Cyber Fraud, Cyberattack, Russia February 10, 2022

Banks across the euro zone are being told to increase their cyber defenses with the region’s regulator saying the issue should be a top priority amid heightened geopolitical tensions. “We are asking [banks] to strengthen their cyber regime measures and look at a potential ...Read More

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