NEW YORK (Reuters) – New York on Wednesday announced actions to strengthen the enforcement by the state’s Department of Financial Services of sanctions against Russia.
Governor Kathy Hochul said the actions include the expedited procurement of blockchain analytics technology, bolstering the regulator’s ability to detect exposure among DFS-licensed virtual currency businesses to Russian individuals, banks and others already sanctioned by the Biden administration.
The actions follow Hochul’s Feb. 27 executive order directing all New York State agencies and authorities to review and divest public funds from Russia following that country’s invasion of Ukraine.
(Reporting by Jonathan Stempel in New York)
