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The Ovsiannikov Breach and Why Enhanced Due Diligence Must Become a Compliance Standard

In April 2025, the United Kingdom secured its first-ever criminal conviction for a breach of Russian sanctions — a milestone in the global enforcement landscape. But beneath the headline lies a far more pressing narrative: how a sanctioned Politically Exposed Person (PEP) was able to enter the UK, open a bank account, and launder funds through mainstream financial and non-financial institutions without detection.

6 minute read July 31, 2025 at 11:02 PM
By
Matt Winlaw
The Ovsiannikov Breach and Why Enhanced Due Diligence Must Become a Compliance Standard

In April 2025, the United Kingdom secured its first-ever criminal conviction for a breach of Russian sanctions — a milestone in the global enforcement landscape.

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