The National Crime Agency (NCA) has issued an alert to financial institutions and other members of the regulated sector warning that Russia is using gold as a means to undermine the impact of the UK sanctions regime.
Gold is a significant income stream for Russia’s war effort – one of the highest by value after oil and gas, and worth £12.6 billion to the Russian economy in 2021. The UK Foreign Office (FCDO) has sanctioned a num...
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