Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Treasury sanctions Russian Proxy Wagner Group as TCO
Yesterday, the Treasury Department announced that OFAC has taken more actions to degrade the Russian Federation’s capacity to wage war against Ukraine by sanctioning eight individuals, 16 entities, and four aircraft. Today’s action, concurrent with additional sanctions actions by the Department of State, targets the infrastructure that supports battlefield operations in Ukraine, including producers of Russia’s weapons and those administering Russian-occupied areas of Ukraine. Notably, today’s actions include the designation of persons that support Russian defense-related entities.
Yesterday's actions designated PMC Wagner (Wagner Group), a Russian private military company led by Yevgeniy Prigozhin, a Putin crony and the target of multiple U.S. sanctions, along with numerous entities and individuals around the world that support the Wagner Group's military operations.
Treasury also announced OFAC's designation of Horacio Manuel Cartes Jara, the former president of Paraguay, and Hugo Adalberto Velazquez Moreno, the current vice president, for their involvement in the rampant corruption that undermines democratic institutions in Paraguay. OFAC also designated Tabacos USA Inc., Bebidas USA Inc., Dominicana Acquisition S.A., and Frigorifico Chajha S.A.E., for being owned or controlled by Cartes.
For identification information on the designated parties, see yesterday's BankersOnline OFAC Update.