By Maya Lester KC & Michael O’Kane

G7 concern about Swiss Russia sanctions loopholes

G7 ambassadors in Bern sent a letter to the Swiss Federal Council last week expressing their concern that Swiss privacy laws and other “loopholes” were being exploited by Russians to hide billions of francs in offshore assets. The letter expresses concern that “law enforcement officials are blocked from investigating illicit financial structures…because of privacy protections,” and that Swiss officials “were …

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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