Russian yacht seized after AML enforcement cooperation between US and Spain

Mark Battersby
clock • 3 min read

The recent US-requested seizure of a Russian-owned yacht moored in Spain shows the willingness of authorities around the world to coordinate and use the powers at their disposal flexibly to clampdown on Russian oligarchs targeted by sanctions, says international law firm Pinsent Masons in a briefing note on 13 April.   Andrew Sackey, Stacy Keen and Francis Tyrrell of Pinsent Masons were commenting after the US Department of Justice (DoJ) announced that action had been taken to seize ‘Tango', a 255-foot luxury yacht valued at $90m which is owned by Viktor Vekselberg, a sanctions target in...

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