15

Government's blanket Wagner Group sanctions approach creates enforcement gaps for linked entities.

Conclusion
The Government claimed that its sanctioning of the ‘Wagner Group’ automatically covered all the entities that the Group owns or controls. This approach under- appreciates the complexity of the network. It is also completely unrealistic. It leaves both enforcement agencies and implementing organisations, such as banks, estate agents and other financial services, with no idea which affiliated entities they should target. This makes it possible, if not probable, that Wagner-linked entities are continuing to benefit from access to the UK’s financial markets. The lack of certainty about this denotes a scandalous failure to exercise due diligence. At its worst, this could mean the UK is inadvertently undermining the efforts of our allies.
Paragraph Reference
56
Government Response

A response document is linked to this report, dated 30 October 2023. Response attribution to this conclusion has not been verified. Read the response document.

Addressee Bodies
Foreign, Commonwealth & Development Office
Timeline
Recommendation age 3.1 yrs
Report published 26 Jul 2023