The correspondent system for banking has enabled globalism — and has been exploited by companies trying to skirt U.S. sanctions.
Category: A7 LLC
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How Correspondent Banking Can Enable Sanctions Evasion
The New York Times – Business: -
US Sanctions A7, a Russia Firm That Helps Sidestep Economic Restrictions
The New York Times – Business:The move follows recent reports detailing how A7, a Russian financial firm, used shell companies around the world to move funds on behalf of restricted Russian businesses.