Skip to Primary Navigation

Joint alert issued over Russian export control evasion attempts

Photo: Getty Images

FinCEN and BIS issue joint alert, highlighting new due diligence requirements and transactional red flags.

US authorities have issued a renewed plea for continued vigilance by US financial institutions over potential attempts by Russia to evade US export controls.

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security (BIS) issued a supplemental