sanctions

Russia Rethinks Crypto Exchanges to Smooth Payments Obstacles
Russia Rethinks Crypto Exchanges to Smooth Payments Obstacles
August 26, 2024  |  Cryptocurrency

Russia is reportedly preparing to begin trials of cryptocurrency exchanges and cross-border crypto transactions. That’s according to a report Monday (Aug. 26) by Bloomberg News,...

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Report: Middlemen Handle 50% of Russia’s Payments to China
Report: Middlemen Handle 50% of Russia’s Payments to China
April 28, 2024  |  International

Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for...

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Treasury Asks Congress for Stronger Crypto Sanction Powers
Treasury Asks Congress for Stronger Crypto Sanction Powers
April 09, 2024  |  Cryptocurrency

The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April...

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UK and US Investigate $20 Billion in Crypto Transfers to Russia
UK and US Investigate $20 Billion in Crypto Transfers to Russia
March 28, 2024  |  Cryptocurrency

Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by...

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US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S....

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Iran Reportedly Used UK Banking Giants to Avoid Sanctions
Iran Reportedly Used UK Banking Giants to Avoid Sanctions
February 04, 2024  |  Bank Regulation

Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the...

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Western Union Sees Digital Transactions Grow but Revenues Decline
Western Union Sees Digital Transactions Grow but Revenues Decline
May 02, 2023  |  Earnings

Western Union is seeing growth in the number of digital transactions. During the quarter ended March 31, the firm recorded 7% growth in the number...

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Report: Russians Find US Payments Sanctions Hard to Sidestep
Report: Russians Find US Payments Sanctions Hard to Sidestep
April 09, 2023  |  Payment Methods

One year after the world sanctioned their country, Russians have gotten creative in finding payment solutions. That’s according to a report Sunday (April 9) by...

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Wells Fargo Fined $97.8 Million for Sanctions-Related Violations
Wells Fargo Fined $97.8 Million for Sanctions-Related Violations
March 30, 2023  |  Bank Regulation

Wells Fargo has been fined $97.8 million for sanctions-related violations from 2010 to 2015. The bank reached settlements of $67.8 million with the Federal Reserve...

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