By William James in London and Daphne Psaledakis
THE U.S. and the UK have announced a new wave of sanctions targeting what they said was the illicit gold trade, which the United Kingdom said was financing Russian President Vladimir Putin’s war efforts in Ukraine and fuelling corruption.
The UK government froze the assets of four individuals it said were involved in smuggling gold and one other it said had bought more than $300 million worth of Russian gold and, by doing so, provided revenue to the Russian government.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
