Russia's Central Bank Directs Banks to Screen Transactions Against Foreign Controlled Persons List

The CBR issued guidance for banks to align internal controls with the Register of Controlled Persons, effectively barring transactions with foreign nationals on the list. This extends Russia's domestic sanctions framework to the banking sector, signaling tightening financial restrictions amid ongoing geopolitical tensions. The move is likely a response to Western sanctions and aims to enforce compliance with Russian foreign policy objectives.

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