FinCEN issues alert on Russian sanctions evasion in real estate market
Abrigo
JANUARY 30, 2023
FinCEN alert targets Russian CRE sanctions evasions FinCEN reminded banks of red flags to watch for to detect CRE market money laundering, particularly by sanctioned Russian elites. Banks should beware of market participants who keep lowering their stakes to avoid detection while still maintaining control of the fund.
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