Gracetown Fined for Aiding Russian Oligarch

The U.S. Treasury Department imposed a $7.1 million fine on New Yorks Gracetown Incorporated for managing luxury real estate for Russian oligarch Oleg Deripaska, who has ties to Putin. Despite warnings, Gracetown received payments totaling $31,250 between 2018 and 2020. The firms connection to UK businessman Graham Bonham-Carter, arrested for sanctions violations, further implicates them. Deripaska, under U.S. sanctions since 2018, faces consequences for his property management. The Treasury emphasizes the importance of adhering to OFAC guidelines and warns of penalties for non-compliance. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.