As the U.S. goes after a handful of Russian oligarchs with its latest round of sanctions, the U.K. is under pressure domestically and from abroad to tighten controls and shed its reputation as a place to launder corrupt money. Senior Partner and Head of Business Crime Michael O’Kane, says a number of Russians have recently approached the firm for advice. “I think it’s definitely starting to have a chilling effect,” he says. “As relations deteriorate between the two countries, they may well start to look at alternative places to go.” Read more.
Senior Partner Michael O’Kane is quoted in Bloomberg’s article ‘Britain Targets Russian Billionaires’.
As the U.S. goes after a handful of Russian oligarchs with its latest round of sanctions, the U.K. is under pressure domestically and from abroad to tighten controls and shed its reputation as a place to launder corrupt money. Senior Partner and Head of Business Crime Michael O’Kane, says a number of Russians have recently approached the firm for advice. “I think it’s definitely starting to have a chilling effect,” he says. “As relations deteriorate between the two countries, they may well start to look at alternative places to go.” Read more.
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