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Money Laundering Bulletin

Ukraine-Russia conflict [16] – sanctions: accounting, company formation, management consulting

10/5/22: The US Office of Foreign AssetsControl has been busy as ever since the invasion of Ukraine issuing general licenses,most recently to recognise that Executive Order 14024 applies to theaccounting, trust and corporate formation services, and management consultingservices sectors of the Russian economy. Directors of Sberbank and Gazprombank alsonow find themselves on the Specially Designated Nationals list. HerbertSmith Freehills reports on the legal instruments.

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