Tracking the proceeds of the crime denounced by Sergei Magnitsky and holding its perpetrators accountable

Amendment No. 1 | Doc. 16362 | 22 April 2026

Signatories:

Mr Ivan RAČAN, Croatia, SOC ; Mr Constantinos EFSTATHIOU, Cyprus, SOC ; Mr Oleksii GONCHARENKO, Ukraine, ECPA ; Ms Kristina IKIĆ BANIČEK, Croatia, SOC ; Ms Agnes Sirkka PRAMMER, Austria, SOC ; Ms Kadri TALI, Estonia, ALDE

Origin

2026 - Second part-session

In the draft resolution, after paragraph 4, insert the following paragraph:

"The Assembly welcomes the fact that on 30 March 2026, the Paris Correctional Court held the first criminal trial in a Western jurisdiction against Dmitry Klyuev, the principal organiser of the US$230 million fraud, for aggravated habitual money laundering, with a verdict expected on 8 June 2026."

Explanatory note

France held the first Western criminal trial of the fraud’s mastermind. Prosecutors sought 3 years and €4.5m. Switzerland neither prosecuted Klyuev nor confiscated his funds, using a method since ruled unconstitutional. Post-January development.