ROSFIN says: “The intelligence requests emanating from this FIU have consistently displayed political influence and have been deployed to manipulate the rule of law, often targeting political opponents or those who have voiced objections to certain business practices.” (PHOTO: AML intelligence)
To get around the problems that sanctions cause, the CEO of Russia’s SPB Exchange said on Thursday that the company has officially asked the U.S. Office of Foreign Assets Control (OFAC) to set up a way for clients to get their money back that is currently stuck in the complicated financial issues caused by sanctions. The second-largest stock market in Russia, which deals mostly in foreign stocks, said earlier this week that customers with foreign currency funds would get about a third of their holdings back in roubles. The rest would not be available because of U.S. sanctions. CEO Yevgeny Serdyukhov said that working with OFAC is their main goal, and they want to get permission for a planned asset removal process to make sure that all of their clients’ assets are returned. The Treasury of the United States has not yet replied. Serdyukhov also said that SPB was still committed to staying out of bankruptcy, denying recent papers that said the problem was caused by scammers and promised to look into it criminally. The way things are going shows how complicated the financial issues are when there are global problems.
