Signal Individuals linked to Putin seen as highest sanctions evasion risk

Summary

The report explains that illicit finance includes businesses violating UK government sanctions, and it uses Russia as its main example. Because Russia is under extensive sanctions and has intricate economic ties with the UK, individuals connected to Putin are currently judged to be the group posing the greatest risk of sanctions evasion. This assessment draws on the National Crime Agency's 2023 National Strategic Assessment. London's standing as a leading global financial centre is listed as a vulnerability that makes it a target for those trying to launder money or dodge sanctions. Linking this to state threats, the report suggests foreign states may tolerate fraud and illicit finance that suits their agendas or allow criminals to infiltrate political systems.