Swiss Lawyers Hit by US Sanctions for Hiding Russian Money (2)

A pair of Swiss lawyers were hit by US sanctions for helping illegal money flow from Russia through shell companies, as it seeks to put pressure on intermediaries that offer legal cover for continued violations.

The lawyers, Andres Baumgartner and Fabio Libero Delco, were sanctioned on Wednesday by the Office of Foreign Assets Control who said the pair “are major handlers of Russian assets and are important business and cash flow facilitators for Russian in Switzerland and Liechtenstein.”

It’s the first time Swiss lawyers have been targeted by the US since Russia’s invasion of Ukraine. A receptionist at the law ...