FIOD takes €137 million from suspected Russian | Financial

The FIOD reports this in a press release on Wednesday morning. According to the service, a quick intervention took place last Friday because of the possible violation of the sanctions law.

“On several bank accounts belonging to a legal person affiliated with a natural person who has recently been sanctioned,” said a spokeswoman.

money laundering police

The so-called ‘penalty seizure’ followed a report from the bank involved to the ‘money laundering police’ FIU. The bank had already frozen the assets itself.

The FIOD says it is tracking down persons and entities that try to circumvent the sanctions related to the war in Ukraine or that do not comply with the sanctions. “However, the FIOD does not have the task of tracing sanctioned persons or their assets and freezing their assets, it is up to the private sector to implement this,” the service writes.

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