<p><span>Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), alongside the U.S. Department of State, sanctioned a transnational network procuring technology that supports the Russian military-industrial complex. OFAC also designated a global network of financial facilitators, enablers, and others associated with two key Kremlin-linked elites whose fortunes are intertwined with the West. In total, today’s actions designated 14 individuals and 28 entities, and identified eight aircraft as blocked property. </span></p>
In a bid to punish the Kremlin for its invasion of Ukraine, the U.S. Department of the Treasury's Office of Foreign Assets Control has blocked a Delaware-based trust containing assets worth more than $1 billion, in which a sanctioned Russian oligarch holds property, the agency said Thursday.
June 30, 2022- The Task Force on Financial Technology held a hearing entitled, "Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned.