Reported by Georgi Kantchev and Evan Gershkovich An oil refinery next to the frozen Irtysh River in the Siberian city of Omsk. ALEXEY MALGAVKO/REUTERS MOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those days are over. As the war continues […]
Reported by Bloomberg News For years, Artem Uss had appeared in Russian media as the owner of fancy real estate, luxury cars and Italian hotels. Now US officials allege he’s at the center of a suspected secret supply chain that prosecutors say used American technology to support President Vladimir Putin’s war in Ukraine. Court documents […]
Reported by Bloomberg News Russia’s gold holdings jumped by 1 million troy ounces over the last year as the central bank bought the metal amid sanctions on its reserves imposed by the US and its allies over the invasion of Ukraine. The Bank of Russia said it held 74.9 million ounces of gold at the […]
Reported by The Baltic Times Latvia’s stance in relation to sanctions against Russia is very serious and determined, said Tom Keatinge, Director of the Centre for Financial Crime & Security Studies (CFCS) at The Royal United Services Institute (RUSI), in an interview with LETA. “Of the countries we have visited, you are the most determined […]
Reported by Anton Troianovski and Photograph by Andrea DiCenzo DUBAI, United Arab Emirates — On an artificial island on the edge of the Persian Gulf, Dima Tutkov feels safe. There are none of the anti-Russian attitudes that he hears about in Europe. He has noticed no potholes or homelessness, unlike what he saw in Los […]
Reported by: Henry Holloway VLADIMIR Putin is presiding over a “mafia” state where murder is a tool used to defeat his enemies and to scare his uneasy allies into keeping in line. Experts believe the deaths of at least 39 high profile figures – ranging from oligarchs to scientists and even generals – could show […]
Despite widespread public reporting about the cellist’s connections to Vladimir Putin (pictured), the bankers signed off on declarations that Sergei Roldugin was not a ‘politically exposed person’ © Sergei Bobylyov/AFP/Getty Images Reported by: Sam Jones in Zurich Prosecutors in Switzerland have charged four bankers with helping to hide tens of millions of Swiss francs on […]
Reported by: ZACHARY WARMBRODT Sen. Elizabeth Warren is branding herself as the scourge of crypto. And she’s not doing it alone. The progressive Massachusetts Democrat is starting to recruit conservative Senate Republicans to her anti-crypto cause and getting some early positive vibes from bank lobbyists, who also want to rein in digital asset startups. Crypto advocates are […]
Reported by: SABRINA WILLMER A US law passed after Russia invaded Ukraine has given a boost to a flawed Treasury Department program that lawyers claimed deterred whistleblowers from providing tips on the role of banks in sanctions and anti-money laundering violations. As a result, Treasury’s Financial Crimes Enforcement Network, or FinCEN, has gotten more than […]
Reported by: Daphne Psaledakis and Humeyra Pamuk The U.S. Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose access to G7 markets if they do business with entities subject to U.S. curbs as Washington cracks down on Russian attempts […]
Financial Crime News Briefs 