A wealthy Russian couple's divorce settlement in the U.K. last month ended an eight-year, high-profile legal battle that pitted mother against husband and son and saw both sides vie for a £220 million yacht, £38 million private jet and £90 million portfolio of modern art. Tatiana Akhmedova, a 48-year-old resident of London, agreed in July to a final payment of £150 million from Farkhad Akhmedov, a billionaire who made his fortune in fur trading and gas exploration, to end their marriage, three months after the High Court in London ordered Temur, the couple's eldest son, to pay her £75 million...
A list of Russian oligarchs published by the U.S. Treasury Department this year continues to present European financial institutions with unique compliance-related challenges and potentially costly consequences for missteps, say sources.
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