FinCEN issues alert over sanctions evasion

UAE added to FATF’s “grey list”
EU launches new European Tax Observatory

On 7th March, the Financial Crimes Enforcement Network (FinCEN) issued a FinCEN Alert, advising all financial institutions to be vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions implemented in connection with the Russian Federation’s further invasion of Ukraine. The alert provides examples of red flags to assist in identifying suspected sanctions evasion activity.

https://www.fincen.gov/news/news-releases/fincen-provides-financial-institutions-red-flags-potential-russian-sanctions

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