The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April 9) and ask lawmakers for greater authority to block terrorist groups and state actors for using things like overseas cryptocurrency...
Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple about the issue. The report notes that the FAS has fined Apple $26 million in...
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday...
The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund its war against Ukraine,” Brian Nelson, undersecretary of the U.S. Treasury for terrorism and financial intelligence,...
May 27, 2022
Sanctions have been dominating headlines. Nithai Barzam, COO of nsKnox, a corporate payment security company, told PYMNTS’ Karen Webster that beyond the sanctions that have been designed to rock Russia to its economic foundations lie some fundamental hard truths for enterprises around the globe. Namely, that it’s hard to find out who’s on sanctions lists, […]
March 06, 2022
S&P Dow Jones Indices announced Friday (March 4) that it will remove stocks listed or domiciled in Russia from its benchmarks because of the country’s invasion of Ukraine. This will...
March 04, 2022
Asking cryptocurrency exchanges to block the addresses of their Russian users last weekend, Ukraine’s Vice Prime Minister Mykhailo Fedorov said: “It’s crucial to freeze not only the addresses linked to...
December 19, 2019
For eCommerce firms targeting emerging markets, the opportunities are vast, as millions of consumers continue to go online to buy, and eCommerce sales soar by double-digit percentages. But in markets...
April 28, 2024
Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for Chinese products are now handled by intermediaries, Reuters reported Friday (April 26), citing four sources. As the report noted, the United States Treasury has warned it could impose sanctions on […]
April 09, 2024
The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April 9) and ask lawmakers for...
April 04, 2024
Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple...
March 28, 2024
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain...
