As the war in Ukraine rages on, recent advisories from financial crime agencies in the United States and the United Kingdom indicate heightened scrutiny on financial activity of Russian individuals and entities, including persons closely connected to the Kremlin. The relevant activities go beyond traditional banking and financing, and extend to dealings in securities, real estate, artwork, jewelry, crypto, and other high-value assets.
Government Investigations Likely: As described in a previous briefing, the U.S. government and the UK government appear poised to initiate enforcement actions against Russian oligarchs and other persons that violate U.S. and UK sanctions. In addition, parties also may be subject to congressional scrutiny.
