The UK Parliament’s Intelligence and Security Committee published its report on Russian interference in British democratic processes on 21 July, concluding that the government has failed to launch an investigation into the issue, despite evidence that such interference is taking place.
The government’s subsequent refusal to launch an inquiry in light of the report’s findings has raised concerns that the issue of Russian interference has become politicised, undermining the government’s and security service’s ability to protect British democratic processes.
The Report’s emphasis on “unwitting” facilitators of Russian influence will raise reputational risks for firms in exposed sectors. Meanwhile, the UK’s popularity with Russian investors and the government’s reticence to probe the extent of their influence will sustain money laundering concerns.
Lastly, following the sanctioning of 25 Russian officials over the death of Sergei Magnitsky earlier this month, any British attempt to combat Russian interference and money laundering operations will likely increase the risk of Russian counter sanctions or cyber attacks targeting British firms.
If you would like to read the FULL report please contact us below.
Situation Update Briefs form part of Sibylline’s World Risk Register, a ground-breaking analytical service designed to help organisations of all sizes navigate an uncertain world.
Key Takeaways Japanese corporates are facing growing pressure from investors, the government, and the broader public to raise ESG (environmental, social, and governance) standards in
SIBYLLINE SITUATION UPDATE BRIEF: UK – RUSSIA. DEMOCRATIC AND FINANCIAL STRUCTURES REMAIN VULNERABLE TO INTERFERENCE
Key Takeaways The UK Parliament’s Intelligence and Security Committee published its report on Russian interference in British democratic processes on 21 July, concluding that the
Key Takeaways Mali will witness sustained protests and political instability in the weeks ahead, as opposition groups push for the creation of a new transitional
ALERT: HONG KONG – TIKTOK’S WITHDRAWAL HIGHLIGHTS FEARS OVER DATA PRIVACY AND CENSORSHIP UNDER NEW SECURITY LAW
EVENT TikTok, a popular video-sharing platform with over 150,000 users in Hong Kong, announced on 7 July that it will withdraw its app from the
ALERT: HONG KONG – ELEVATED RISK OF DISRUPTIVE UNREST, AS BEIJING ADOPTS SECURITY LAW ON THE EVE OF HANDOVER ANNIVERSARY
EVENT At 1800 hours (CST) on 30 June, China’s official news agency Xinhua released a statement confirming that President Xi Jinping has signed off on