By Aigerim Turgunbaeva
KYRGZ lender Keremet Bank has said it would challenge a decision by the U.S. Treasury to impose sanctions on it for allegedly creating a hub for trade payments and helping Russia to evade restrictions.
The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase pressure on Moscow to halt its military action in Ukraine in the Biden administration’s final days, including on firms such as Keremet in Kyrgyzstan and others in China it accused of helping Moscow evade sanctions.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
