Day: October 19, 2022

Written by FinCrime

Five Russian Nationals and Two Oil Traders Charged in Global Sanctions Evasion and Money Laundering Scheme

Press release by: Department of Justice, U.S. Attorney’s Office, Eastern District of New York A 12-count indictment was unsealed today in federal court in Brooklyn, New York charging five Russian nationals, Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva, also known as “Lana Neumann,” Timofey Telegin and Sergey Tulyakov with various charges related to a global procurement, […]

Written by FinCrime

Beneficial Ownership Reporting is Coming for Millions of Companies

Reported by: Terence Grugan, Peter Hardy, Wendi Kotzen, Beth Moskow-Schnoll, and Michael Robotti of Ballard Spahr LLP The CTA (Corporate Transparency Act) and the Final Rule seek to maximize corporate transparency in order to deter money laundering, tax evasion, and other illicit activity by so-called “shell companies.” The net that has been cast, however, is […]