Red alert on sanctions circumvention warns all that is gold does not glitter

Due diligence urged by multiple agencies to reduce risk of sanctions breaches.

Sanctioned individuals and entities, and their enablers, are evading UK sanctions in relation to Russian gold. The situation has been highlighted by a “Red Alert” published by a multi-agency working group including the National Economic Crime Centre, the Office of Financial Sanctions Implementation (OFSI) and the Foreign, Commonwealth

The

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in