The US Treasury Department has warned international banks about a so-called red flag in working with the Russian Federation.
The connection of foreign banks to the Russian Financial Messaging System will be seen as a warning sign.
The Office of Foreign Assets Control (OFAC) emphasized that such actions could result in sanctions, the RBC article emphasizes.
In this regard, international banks are advised to avoid dealing with SPFS participants due to cases of sanctions circumvention.
The warning was issued after sanctioned Iranian banks connected to the Russian system.
At the beginning of this year, 557 organizations were registered in the SPFS, of which 159 were foreign. However, the list of participants is not disclosed.
The Central Bank plans to expand the system, including new foreign partners, to continue strengthening its functionality.
SPFS is positioned as an alternative to SWIFT, uniting more than 11 thousand organizations from 200 countries.
In June this year, the European Union imposed sanctions against SPFS. However, CIS and Chinese companies may begin to use intermediaries to avoid sanctions risks.
