UK freezes London property linked to Putin ally after ICIJ report

Source: ICIJ (for those who don't know, the Internation Consortium of Investigative Journalists)

Since Russia invaded Ukraine in 2022, the U.K. government has faced criticism for failing to enforce sanctions, reportedly overlooking even poorly hidden Kremlin-linked funds and assets.

U.K. authorities froze a multimillion-dollar London townhouse linked to Igor Komarov roughly one week after the International Consortium of Investigative Journalists revealed the property appeared untouched by sanctions against the high-ranking Kremlin official.

In February, ICIJ showed the ongoing connection between Komarov and the townhouse on Herbert Crescent — a prime location in central London — which was purchased for more than $16.5 million in 2007 through a British Virgin Islands-based shell company he previously controlled.

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“Without leaked data, this property would have remained hidden behind a trust arrangement, despite recent efforts by the UK to bring greater transparency to property ownership.”
Cowdock described the Herbert Crescent townhouse as “just the tip of the iceberg,” and warned that properties belonging to sanctioned individuals remained hidden behind opaque trusts, which are exempt from the reporting requirements of the ROE.

Read more: https://www.icij.org/investigations/pandora-papers/uk-freezes-london-property-linked-to-putin-ally-after-icij-report/

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I know the DU "Latest Breaking News" is highly vetted and many only think the MSM should show up here.

The ICIJ is responsible for publishing many breaking investigative stories including The Panama Papers, The Pandora Papers, and many others.