Washington, D.C. (March 21, 2023) - The Russian
Elites, Proxies, and Oligarchs (REPO) Task Force, which was
established to enforce multi-national sanctions against Russia, issued an advisory on March 9, 2023,
identifying common measures used to evade the interdiction efforts
of the REPO Task Force. The REPO Task Force consists of the justice
and finance ministries in Austria, Canada, Germany, France, Italy,
Japan, the United Kingdom, and the European Commission. Through
these new actions, the REPO Task Force has now moved to crack down
on sanctions evasion schemes.
Use of Third-Party Proxies, Families, and Close Associates
Sanctioned individuals have used close associates and family
members to control, access, and hide assets. The REPO Task Force
reports that such action often occurs shortly after designation on
sanctioned entities lists, though this type of diversion of assets
can also be used to shelter sanctioned individuals and entities
from regulatory
