IoM: UK authorities issue Red Alert on Russia sanctions busting

clock • 1 min read

The Isle of Man Customs & Excise Division of Treasury has drawn attention to a ‘Red Alert' published by the UK National Economic Crime Centre, intended to promote awareness and encourage preventative action in respect of those trying to evade financial sanctions put in place following the Russian invasion and war on Ukraine. The alert further highlights common techniques that so-called designated persons and their UK enablers are suspected of using to facilitate such evasion. The sanctions are set out the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855), which are given e...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?