FinCEN: Be Wary of CRE Purchases from Sanctioned Russians

Originally published on January 25, 2023, by theĀ Financial Crimes Enforcement Network.

The Financial Crimes Enforcement Network on Jan. 25 sent an alert to financial institutions warning them to look out for potential commercial real estate purchases made by Russian investors who have been sanctioned. FinCEN specifically warned against vulnerabilities based on a review of the Banking Secrecy Act.

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