The U.S. government has sanctioned two Swiss lawyers, Andres Baumgartner and Fabio Libero Delco, for their involvement in facilitating the flow of illicit Russian money through shell companies.

The Office of Foreign Assets Control (OFAC) announced the sanctions, emphasizing that the lawyers are significant handlers of Russian assets and play a crucial role in business and cash flow operations for Russian entities in Switzerland and Liechtenstein.

These actions are part of a broader effort to put pressure on intermediaries in Switzerland that provide legal support for ongoing violations related to Russian financial activities. The sanctions demonstrate the U.S. commitment to targeting individuals and entities that enable the circumvention of international financial regulations and contribute to the illicit movement of funds.