Op risk data: GVA and Nobitex in geopolitical risk strikes
Also: UBS chief a target of third-party data hack, internal bank frauds in Asia. Data by ORX News
June’s two greatest losses resulted from geopolitical risk generated by armed conflict. In the largest, San Francisco venture capital firm Global Venture Alliance Capital was told by the US Department of the Treasury’s Office of Foreign Assets Control to pay $216 million for violating US sanctions against Russian oligarch Suleiman Kerimov. The US imposed the sanctions in April 2018 over Russia’s
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