Raiffeisen Gets Information Request From U.S. Treasury
February 17 2023 - 2:00PM
Dow Jones News
By Adria Calatayud
Raiffeisen Bank International AG said Friday that it has
received a request for information from the U.S. Treasury's Office
of Foreign Assets Control last month that the bank said followed
recent developments related to Russia and Ukraine.
The Austrian bank, one of the few Western lenders still with a
significant presence in Russia, said the questions raised by OFAC
sought to clarify its payments business and related processes.
The news was earlier reported by Reuters.
The request wasn't triggered by any specific transaction or
business activity, RBI said, adding that it is cooperating fully
and is confident that the information it provided will satisfy
OFAC's request.
RBI said it has policies and procedures to ensure it complies
with all applicable embargoes and financial sanctions.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 17, 2023 13:45 ET (18:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Raiffeisen Bank (PK) (USOTC:RAIFY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Raiffeisen Bank (PK) (USOTC:RAIFY)
Historical Stock Chart
From Apr 2023 to Apr 2024
