Cyprus Wing of Auditing Giant PwC May Have Breached Sanctions in Work for Oligarch

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“It is not uncommon for financial transactions to be agreed one day and settled several days later,” said Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the U.K.-based think tank Royal United Services Institute. “That said, at the time a transaction is agreed, you would expect that to include the price. It is therefore possible that in this case there was an urgency to agree the ‘legal’ elements of the sale to be able to evidence that the sale had occurred but that the price was still being negotiated.”