Headlines that Matter for Companies and Executives in Regulated Industries
DOJ and Treasury Announce Multilateral Russian Oligarch Task Force Called “REPO”
On March 16, 2022, Attorney General Merrick Garland and Secretary of the Treasury Janet Yellen met with representatives from Australia, Canada, Germany, France, Italy, Japan, the United Kingdom, and the European Commission to launch the Russian Elites, Proxies, and Oligarchs (REPO) multilateral task force. The White House first announced plans for the task force on February 26, 2022.
According to the announcements, the Department of Justice (DOJ), Department of Treasury (Treasury), and similar agencies from each of the member jurisdictions will work together to collect and share information to take concrete actions, including sanctions, asset freezing, civil and criminal asset seizure, and criminal prosecution. Attorney General Garland stated that DOJ is “already working with our international partners to freeze and seize properties belonging to sanctioned Russian oligarchs worldwide,” and “will continue to work together to take all appropriate actions against those whose criminal acts enable the Russian government to continue its unjust war against Ukraine.” DOJ’s newly established Task Force KleptoCapture, announced earlier in the month, will also help support the international effort, DOJ stated.
Also, on March 16, Treasury launched the Kleptocracy Asset Recovery Rewards Program, a program established by Congress...
A person in his 30s who demanded compensation for alleged foreign substances in cup noodles and the absence of meat in stir-fried pork was sentenced to prison in both the first trial and the appel...