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You're reading: Yanukovych and up to 19 former officials face asset freezes in three European countries
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At the request of Ukrainian authorities, on Feb. 28 Switzerland, Lichtenstein,
and European Union-member Austria imposed financial sanctions on up to 20
members of Ukraine’s ousted government, including Yanukovych and his older son
Oleksandr Yanukovych.

Canada and the U.S. have already enacted visa-travel
bans for individuals deemed responsible for the violence in Kyiv during which 95
people died as a result of clashes between protesters and police in the last
three months. Due to privacy laws in the countries, the identities of those who
face travel bans are unknown.

The U.S. Treasury Department’s Financial Crimes
Enforcement Network  furthermore on Feb.
24 released
an advisory
to financial institutions reminding them “to take reasonable,
risk-based steps regarding the potential suspicious movement of assets related to
(former President) Viktor Yanukuvych departing Kyiv and abdicating his
responsibilities…are required to apply enhanced scrutiny to private banking
accounts held by or on behalf of senior foreign political figures and to
monitor transactions that could potentially represent misappropriated or
diverted state assets, the proceeds of bribery or other illegal payments, or
other public corruption proceeds.”

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