NEWS: GVA Capital hit with $216 million OFAC fine for managing funds linked to Russian Oligarch Kerimov

23 hours ago


By AML Intelligence Correspondents U.S. venture capital firm GVA Capital was today fined $216 million for egregious violations of Russia-related sanctions and failure to comply with a federal subpoena. The penalty – the statutory maximum allowable – stems from the San Francisco based firm’s continued management of an investment on behalf of Russian oligarch Suleiman…

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