British security officials called possible signs of circumvention of sanctions

by the Russians Transfers to Turkey, the UAE and CHINA fall into their field of vision

As part of monitoring the implementation of sanctions, the British authorities are paying attention to operations in cryptocurrencies and the actions of intermediaries of Russians in London, follows from a joint bulletin of UK government forensics members of the Joint Money Laundering Data Collection Task Force (JMLIT). The recommendations were prepared by the National Economic Crime Center (NECC), a multi-agency arm of the National Crime Agency (NCA) and the Financial Sanctions Enforcement Office of the UK Treasury (OFSI).

After the start of Russia's special military operation in Ukraine, the UK imposed sanctions against a number of Russian citizens and companies, which include asset freezes and a ban on entry into the country.

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What methods of circumventing sanctions did London see

www. Sanctioned entities have the ability to “directly or indirectly” transfer assets to non-sanctioned jurisdictions: the UAE, Turkey, China, Brazil, India and the countries of the former USSR, with the exception of Ukraine and the Baltic countries. Use alternative payment methods, such as cryptocurrencies, "to circumvent sanctions and limited access to the SWIFT payment system." Currently, a number of large Russian banks are disconnected from SWIFT, which is why they cannot conduct international transactions. Those banks that are not under sanctions have independently canceled or complicated the conduct of operations through it. Also, foreign banks involved in making transfers from Russia have stepped up their verification,

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Significant funds are transferred using crypto assets, the document says. It notes that the main barrier to scaling this scheme is the size of the cryptocurrency market, and the “transparent nature” of the blockchain may reduce the attractiveness of cryptocurrencies for circumventing sanctions. It can also be used to transfer control of shareholdings to family members or partners, reduce ownership below the 50% threshold. The sanctioned entity may claim to have given up the asset, but it is “highly likely” that it will retain its influence through family members, proxies or intermediaries (individuals and companies), the authors of the report emphasize. Such intermediaries may include lawyers, public relations managers, accountants, investment advisors, real estate agents, and the like. how Bill Gates rests Articles Pro "There will be a queue to St. Petersburg." Experts - about the marginal price foroil Pro How to remove sanctions from a person or company. Step by Step Instructions

What other sanctions did the UK impose?

The British Foreign Trade Department announced on July 21 that the kingdom would impose sanctions on the import of oil and oil products, coal and gold from Russia, as well as the purchase, supply and delivery of these goods directly or indirectly. The sanctions also apply to the provision of technical assistance, financial services, funds and intermediary services related to these goods.

Earlier, the UK banned the EXPORT of luxury goods to Russia, which should affect cars, expensive clothes and works of art.

Russian banks are also under British sanctions, including Sberbank, VTB, MKB, Gazprombank, Rosselkhozbank and Alfa-Bank. Their assets and accounts are frozen, and the conduct of settlement transactions in pounds sterling is prohibited.

Restrictions have also been introduced against large companies, including Aeroflot, the United Aircraft Corporation, Rostec, the United Shipbuilding Corporation, Uralvagonzavod, ALROSA, Sovcomflot, RusHydro, Russian Railways and others.