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Jonathan Fisher QC quoted in Buzzfeed News article, ‘UK Banks & Firms Handled £20 Million Connected To Russian Fraud Case’

Buzzfeed news published an article yesterday entitled, ‘Revealed: UK Banks And Firms Handled £20 Million Connected To Russian Fraud Case’.

The article states that UK authorities have been asked to investigate whether more than £20 million connected to one of the world’s largest and most politically controversial frauds was spent in the UK or entered the country’s banking system.

Financial records seen by BuzzFeed News suggest money spent on yachts, private schools, electronic equipment, and numerous other services originated from companies linked to an alleged $230 million (£150 million) fraud against the hedge fund Hermitage Capital Management and the Russian Treasury.

Jonathan Fisher was quoted in the article saying,

“Banks are obliged to undertake proper due diligence and there has been an unfortunate history in recent years of our leading banks in London not doing so. There is certainly a real concern that London is indeed a repository for proceeds of crime.”

You can view the full article in Buzzfeed news here or alternatively download the PDF version here. 

Jonathan is ranked in Band 1 as a leading Queen’s Counsel by the UK legal directories for financial crime and proceeds of crime cases. Jonathan can be contacted at
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