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Sanctions, UK

NEWS: Surprise as UK court gives £600K allowance to sanctioned Russian billionaire being probed by the NCA

By Alisha Houlihan for AMLi

FINCRIME observers reacted with dismay to the news that a sanctioned Russian billionaire under investigation by the National Crime Agency (NCA) has been given a £600,000 allowance by a UK court.

In a ruling this week a London judge lifted a freezing order on some of the accounts linked to billionaire Petr Aven to allow him the mony to pay bills and security.

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