Introduction Anatoly Karachinskiy, the former majority shareholder of the IBS Group, has recently been removed from the US sanctions list, marking a significant development. This is the first instance since the start of the Ukraine war where a prominent Russian businessman has been removed from the Office of Foreign Assets Control (OFAC) SDN List. Anatoly Karachinskiy Came Under US Sanctions...

Introduction The US Office of Foreign Assets Control (OFAC) has a list of Specially Designated Nationals (SDN) that includes individuals and organizations subject to economic sanctions. Being on this list means the most serious consequences, including freezing assets and banning financial transactions. However, you may request removal from the OFAC SDN List if you believe you have been...