UK’s Red Alert on Financial Sanctions Evasion Signals Regulatory Alignment on Future Sanctions Enforcement
By EsqSocial Corporation 05/08/22
Amid the continued rollout of new sanctions measures in response to Russia’s invasion of Ukraine, the U.K. National Crime Agency (NCA) and HM Treasury’s Office of Financial Sanctions Implementation (OFSI) have jointly issued a Red Alert (the Alert) intended to promote awareness of the common techniques Russian elites are suspected of using in order to evade financial sanctions....
By: Skadden, Arps, Slate, Meagher & Flom LLP