UK Issues Red Alert on Russian Sanctions Evasion
The U.K.'s Office of Financial Sanctions Implementation and its National Crime Agency issued a "Red Alert," titled "Financial Sanctions Evasion Typologies: Russian Elites and Enablers." The alert says sanctioned parties are using various techniques to skirt sanctions, including transferring assets…
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to proxies. OFSI and NCA laid out the offenses that can apply to individuals or entities aiding sanctions circumvention. The alert contains a list of "indicators" of sanctions evasion and industry recommendations.