All That Glitters – Russian Gold and Sanctions Circumvention

Alexandra Melia authored an article for Export Compliance Manager titled "All That Glitters – Russian gold and sanctions circumvention." The November 2023 article discusses the recent publication by the National Economic Crime Centre (NECC) in the UK’s National Crime Agency (NCA), of a Red Alert on Gold-based Financial and Trade Sanctions Circumvention (Red Alert). The Red Alert highlights the increasing significance of gold as an income stream for Russia’s war effort and seeks to raise awareness of common techniques being employed to circumvent and evade sanctions relating to gold to prompt reporting of suspicious activity that can be further scrutinized by UK sanctions enforcement agencies.

The full article can be read at Export Compliance Manager (subscription required)