RED ALERT FROM NATIONAL ECONOMIC CRIME CENTRE (NECC) AND OSFI WARN ‘ENABLERS’ ON SANCTIONS EVASION

On 14 July, the Law Society Gazette reported that lawyers and other potential ‘enablers’ in the UK may be targeted with sanctions if they help designated individuals hide their assets from law enforcement, according to a ‘red alert’ issued by the NECC and OFSI.  The ‘key professions’ for facilitating the evasion of sanctions include solicitors and barristers, accountants, investment advisors and wealth managers, as well as estate agents, auction houses and company directors.

https://www.lawgazette.co.uk/news/red-alert-agencies-warn-enablers-on-sanctions-evasion/5113125.article

https://nationalcrimeagency.gov.uk/who-we-are/publications/605-necc-financial-sanctions-evasion-russian-elites-and-enablers/file

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Financial-services-and-dispute-investigation/Financial_sanctions_evasion_typologies

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