Global Investigations and Enforcement: OFSI & NCA Red Alert – Evasion Typologies
After a lengthy period of sanctions implementation, the recently published red alert on Financial Sanctions Evasion Typologies: Russian Elites and Enablers indicates a shift to enforcement.
Enablers have previously been in the sights of UK law enforcement in relation to money laundering. This alert demonstrates that focus, rather than diminishing, is growing in scope with the inclusion of financial sanctions breaches.
In this client briefing we consider the recommendations in the red alert and what this means for businesses.