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US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The American administration has explained it targeted Evrofinance because it enabled corruption, embezzlement, and money laundering by the disputed Venezuelan government of “Maduro and his cronies.” As a result, all the property of the bank and...

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Published By: Bitcoin - 14-03-2019