Featured Russia

Bank Records Link President of Cyprus to ‘Troika Laundromat’

As president of Cyprus, Nicos Anastasiades has worked to strengthen his country’s relationship with Russia while dealing with international criticism of its lax financial and money laundering controls. But several years before his 2013 election, a law firm he established and co-owned, and in which he was a partner at… Read More

How a McConnell-backed effort to lift Russian sanctions boosted a Kentucky project

In January, as the Senate debated whether to permit the Trump administration to lift sanctions on Russia’s largest aluminum producer, two men with millions of dollars riding on the outcome met for dinner at a restaurant in Zurich. On one side of the table sat the head of sales for… Read More

Estonian prosecutor seizes 2 million euros from former Danske Bank employee

Estonian prosecutors said on Friday that last month they had ordered a local court to seize around 2 million euros ($2.24 million) from a bank account belonging to a former Danske Bank employee as part of an investigation into alleged money laundering. The money was sitting in a Latvian bank… Read More
9th August 2019
A U.S. class action lawsuit against the Danish bank at the center of Europe’s biggest money laundering scandal is set to continue after a court denied as moot a request to dismiss the case. Danske Bank A/S must respond to an amended investor complaint by mid-September, according to an… Read More
9th August 2019
Russian authorities on Thursday froze a slew of bank accounts linked to jailed opposition politician Alexei Navalny as part of a money laundering investigation that his allies say is a trumped-up attempt to cripple his political movement. The move comes ahead of a series of planned nationwide demonstrations on Saturday… Read More
6th August 2019
Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230bn money laundering scandal, bne IntelliNews can reveal. In a memo to his contacts, Russia Country Manager Edvin Kornelius yesterday said “goodbye to our Moscow corporate… Read More
5th August 2019
China and other countries are receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found. The Times examined the movements of more… Read More
5th August 2019
The U.S. imposed a second round of sanctions on Russia for using a banned nerve agent in an attempt to kill a former Russian spy in the U.K. in 2018. The measures will prohibit U.S. banks from participating in the issuance of Russian sovereign debt, the State Department and Treasury… Read More
5th August 2019
As thousands of riot police flooded central Moscow on Saturday to curb protests calling for fair elections, the Russian authorities announced they had opened a criminal money-laundering investigation against an anticorruption organization led by Russia’s most prominent opposition activist. The case against Aleksei A. Navalny’s organization, the Anti-Corruption Foundation, was… Read More
31st July 2019
After an internal policy battle, the Trump administration is set to announce later this week that it will once again waive five different nuclear-related sanctions on Iran, preserving a key part of the Obama-era Iran nuclear deal. The decision will upset Iran hawks in Washington and be welcomed by Russia, China,… Read More
30th July 2019
Two senators — a Republican and a Democrat — are asking for stronger sanctions against Russia in next year’s defense bill, pushing for the final version to include penalties that would be triggered by future election meddling and could hit Russian sovereign debt, energy and defense. Senators Marco Rubio, a… Read More
29th July 2019
Chadwick Johnson was excited, at first, to hear that big money from Russia was on its way to save his job in South Carolina. Months earlier, the seasoned live entertainment manager had upended his life, moving from Florida to work at the new Hard Rock Park in Myrtle Beach. The… Read More
29th July 2019
Digital currency exchange BTC-e and one of its owners, a Russian whose extradition the U.S. is seeking from Greece to face criminal charges, now face a civil lawsuit in California. The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of… Read More