Day: August 20, 2023

Written by FinCrime

The Ghost Fleet Helping Russia Evade Sanctions

Reported by Jared Malsin Istanbul — In a gray four-story office building above a nightclub with a black door here, a company founded by a Turkish sock and underwear magnate has transformed into one of the world’s largest shipowners transporting Russian oil. The firm, Beks Ship Management, has bought 37 ships since 2021, many of […]

Written by FinCrime

Why are money launderers leaving Singapore?

Reported by Shawkat Hossain Singapore is dubbed ‘Asia’s business district’. It has also earned the dubious epithet of a ‘tax haven’. Singapore tops the choice list of many money launderers to stash their illegal money. That Singapore, for many of these launderers, is behaving a bit strangely. Many feel Singapore is no more a place […]