Day: October 10, 2022

Written by FinCrime

Transparency UK Warns of Widespread Use of LLPs for Financial Crime

Reported by: ZDRAVKO LJUBAS The U.K. branch of the global anti-graft watchdog Transparency International warned on Monday that more than one in ten of all Limited Liability Partnerships (LLPs) ever registered in Britain bear the “hallmarks of shell companies used for serious financial crimes.” Around 14% of all LLPs formed between 2001 and 2021 have […]

Written by FinCrime

Dapper Labs suspends Russian accounts after new EU sanctions

Reported by: BRIAN QUARMBY Announced on Oct. 6, the latest set of EU sanctions on Russia stipulates a full ban on the provision of crypto-asset wallets, accounts and custody services, regardless of the total value of the assets.  Following the sanction announcement, Dapper stated that accounts with connections to Russia will no longer be able to sell, purchase […]