The U.S., along with several other countries and the European Commission, launched a multilateral task force called the Russian Elites, Proxies, and Oligarchs (REPO) to identify and freeze the assets of Russian oligarchs.

During their first meeting, the REPO task force members discussed ways to implement financial sanctions and assist other countries in locating and freezing the assets of sanctioned individuals or entities within their jurisdictions. The Department of Justice’s (DOJ’s) newly launched KleptoCapture task force will also help support this international effort. Businesses and financial institutions should enhance their compliance programs to monitor risks and prevent illegal conduct.

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