Shares in Raiffeisen Financial institution Worldwide AG dropped in early commerce Monday after it disclosed that it had obtained a request for info from the Workplace of International Belongings Management, the U.S. Treasury Division unit that enforces sanctions, final month.
At 0819 GMT, shares within the Austrian financial institution
RBI,
have been down 6.9% at 15.32 euros ($16.39).
“The questions raised by OFAC are of common nature in search of to make clear funds enterprise and associated processes maintained by RBI in mild of the latest developments associated to Russia and Ukraine,” Raiffeisen stated in a press release late Friday.
The financial institution stated the data request wasn’t triggered by any particular transaction or enterprise exercise and that it’s cooperating totally with OFAC.
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Raiffeisen stated it maintains insurance policies and procedures to make sure compliance with embargoes and sanctions and that it has been in common change with the U.S. Treasury for years.
Write to Adria Calatayud at adria.calatayud@dowjones.com