Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Sanctions

Russian oligarch transfers stake in multi-billion euro company to his wife amid European sanctions as Swiss parliamentarians demand legal review

By Elizabeth Hearst for AMLi

A prominent Russian oligarch transferred his stake in a multi-billion euro Swiss company to his wife, just days before he was sanctioned by the EU, it has been revealed. 

Andrey Melnichenko stepped down from the board of directors of EuroChem on March 9th, before he was officially sanctioned by the EU on March 10th. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!