OFAC says basis for Deripaska listing is Putin money-laundering

OFAC has explained the basis for Oleg Deripaska’s designation in a letter sent to Mr Deripaska’s lawyers seen by the Financial Times. The grounds for listing are based on reports in which he is “reportedly identified as one of the individuals holding assets and laundering funds on behalf of President Vladimir Putin”. The letter also said Mr Deripaska cancelled the …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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