• About
  • OSAR LIVE
  • Contact
Thursday, February 9, 2023
OSAR
No Result
View All Result
  • Login
  • Caribbean
  • International
  • Caribbean
  • International
No Result
View All Result
OSAR
No Result
View All Result
Home Caribbean

Cayman freezes US$7.3 billion of Russian assets

CNS by CNS
April 12, 2022
in Caribbean, International
0
Cayman freezes US$7.3 billion of Russian assets

Destroyed military vehicle in Ukraine

0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Since the Russian invasion of Ukraine in February, more than 800 asset freeze designations of individuals and entities have been enforced in the Cayman Islands, officials said in a release about the creation of a task force to coordinate the new sanctions regime.

In compliance with their obligations under the Russia (Sanctions) (Overseas Territories) Order 2020, numerous financial service providers (FSPs) have submitted over 400 compliance reporting forms confirming that assets with an estimated value of US$7.3 billion have been frozen.

READ ALSO

Wagner mercenary ‘had his testicles cut off by commanders after trying to surrender’

OSAR’s Friday news package

The government has created a joint task force to deal with policy amendments required to implement the Russia Sanctions here. The sanctions impact multiple public sector agencies, and this cross-government team is part of Cayman’s pro-active response, officials said. The goal is to provide a central point around policy and communication.

With the Cabinet Office as coordinator, facilitating and coordinating inter-agency cooperation it is being chaired by Financial Reporting Authority Director RJ Berry.

“The level of reporting to date is indicative that financial services providers are able to identify funds or economic resources owned or controlled, directly or indirectly, by designated persons and are freezing those assets or economic resources,” said Berry.

CLICK LINK BELOW TO READ FULL STORY

Cayman freezes US$7.3 billion of Russian assets

Related Posts

Wagner mercenary ‘had his testicles cut off by commanders after trying to surrender’
International

Wagner mercenary ‘had his testicles cut off by commanders after trying to surrender’

January 24, 2023
OSAR’s Friday news package
Caribbean

OSAR’s Friday news package

January 20, 2023
Authorities in Brazil investigate pro-Bolsonaro rioters who stormed Congress, government buildings
International

Brazil probes anti-democratic riots as world leaders condemn attacks

January 16, 2023
Fuel, electricity costs reduced in St Vincent and the Grenadines
Caribbean

St Lucia Opposistion: Why Won’t Pierre Pass On Fuel Savings To Saint Lucians?

January 11, 2023
Trump says he’s testifying Wednesday in NY investigation
International

Donald Trump’s Quest for the White House Looks All Done

January 11, 2023
OSAR’s Friday news package
Caribbean

OSAR’s Wednesday news package

January 11, 2023
Next Post
Rwandan president to address Jamaica’s parliament on Thursday

Rwandan president to address Jamaica's parliament on Thursday

Please login to join discussion

POPULAR NEWS

Dominican shot execution-style in New York

Dominican shot execution-style in New York

March 31, 2022
“Why is my child?” – emotional mother of abducted child weeps

Statement by police on shooting death of Kian Alexander and search for Kernisha Etienne

June 19, 2022
Nightgown among items belonging to abducted child found in bushes

Nightgown among items belonging to abducted child found in bushes

June 9, 2022
Young Dominican journalist passes away

Young Dominican journalist passes away

May 25, 2022
Police in Dominica bring in trained dog and handler as search for abducted child continues

Police in Dominica bring in trained dog and handler as search for abducted child continues

June 9, 2022

EDITOR'S PICK

Wagner mercenary ‘had his testicles cut off by commanders after trying to surrender’

Wagner mercenary ‘had his testicles cut off by commanders after trying to surrender’

January 24, 2023
US cracks down on weapon smuggling to the Caribbean

US cracks down on weapon smuggling to the Caribbean

August 22, 2022
St Vincent man drags girl, 14, into cemetery, rapes her while having her period

St Vincent man drags girl, 14, into cemetery, rapes her while having her period

July 11, 2022
In Grenada crew members of Harbour Master plead guilty

In Grenada crew members of Harbour Master plead guilty

August 16, 2022

About

OSAR Radio (Old Street Audacity Radio) is a 24/7 operation. Learn More.Learn More

Listen Live

Recent Posts

  • Former West Indian cricketer from Dominica to be buried on February 10
  • Newborn baby reportedly rescued from earthquake rubble in Syria
  • MH17: Putin supplied missile that downed plane – investigators
  • OSAR’s Wednesday news package
  • Listen Live
  • About
  • Privacy Policy
  • Terms of Use

© 2022 Osar - Site by G & D Enterprises Inc.

No Result
View All Result
  • Caribbean
  • International

© 2022 Osar - Site by G & D Enterprises Inc.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In