Two Swiss lawyers sanctioned by US for helping Russia evade sanctions
www.pravda.com.ua
Thu, 31 Oct 2024 12:09:04 +0200
The United States has included two Swiss lawyers on its sanctions list.
US agencies report that they helped their Russian clients build schemes to evade Western sanctions.
Source European Pravda Swiss Info based on a communiqu from the US Embassy in Switzerland.
Details The US authorities report that the two lawyers took advantage of a loophole in Swiss law that allows lawyers to work as nonfinancial intermediaries without additional obligations and reporting, so their activities went unnoticed for a long time. Quote from US Ambassador Scott Miller Switzerland is both a global financial hub and a key part of the international sanctions framework.
It can and must do more to ensure its legal framework is not used for illicit financial activity.
Scott Miller called on Switzerland to close the gaps in its national legislation so that lawyers acting as nonfinancial intermediaries are also subject to supervision and to strengthen control over compliance with sanctions. Background On 30 October, the US imposed sanctions on 400 individuals and companies, particularly for helping Russia circumvent restrictions.
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