DIFFERENT ANGLE

Are you Banking any of the 60 Russians that the EU wants to Sanction?

Kenneth Rijock
Financial Crime Consultant, for World-Check

The European Parliament’s Foreign Affairs Committee has recommended to the full European Parliament, in its Human Rights Report, that it adopt sanctions against sixty Russian officials, denying them visas for the Schengen area, and freeze their assets and bank accounts within the EU. These PEPs were reportedly implicated in the illegal detention, torture and death of anti-corruption lawyer Sergei Magnitsky last year, and the $230m tax rebate fraud involving Hermitage Capital Management.

The Russian Government has warned that this action could affect the relationship between Russia and the European Union. Should the EU enact the sanctions the Committee has proposed, the fact that you are still banking the named individuals could result in not only reputation damage, but also affect your correspondent banking relationships with EU banks. It might be best to review these names early on, before they are named & shamed.

The individuals named hold senior positions in government, and are PEPs by any definition of the term:

* Officials in the Russian Interior Ministry.
* Members of the judiciary.
* Prison officials.
* Russian Tax Authorities.
* Members of the Prosecutor’s Office.
* Members of the Federal Security Service [FSB].

Please note that an American Representative to the US Congress, Benjamin Cardin, has recommended to the US State Department, that it also deny visas to the named individuals, reportedly now known in the US as ‘Cardin’s List.” payday loan займы на карту без отказа https://zp-pdl.com/get-a-next-business-day-payday-loan.php https://zp-pdl.com/how-to-get-fast-payday-loan-online.php быстрые займы на карту