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‘It’s revenge’: Ukraine’s ex-central banker blames oligarch for attacks

It is possible that when a car drove into Valeria Gontareva at a pedestrian crossing in Knightsbridge, central London, in late August it was merely an accident. But soon after, while Gontareva was recovering in hospital, her son’s car was set on fire back home in Kyiv. A few days… Read More

Ukraine Ex-Central Bank Official Among 7 Detained Over Loan To Troubled Bank

The former first deputy chairman of the central bank is among seven people who have been detained on suspicion of embezzling $49 million that was part of a loan the National Bank of Ukraine (NBU) gave to stabilize a struggling bank owned by one of the country’s biggest agricultural producers. Read More

Head of Ukrainian ex-president Yanukovich’s administration and his sister co-owned Trasta Komercbanka through proxy

Serhiy Lovochkin, who used to head the administration of former Ukrainian president Viktor Yanukovich, and his sister Yulia Lovochkina, co-owned Latvia’s Trasta Banka through a proxy, according to a report published by the Organized Crime and Corruption Reporting Project (OCCRP). UK citizen Charles Treherne held just under ten percent in… Read More

6th November 2019

What Does ‘Services’ Mean? U.S., Exxon Spar on Meaning of Russian Sanctions

U.S. Treasury Secretary Steven Mnuchin said Exxon Mobil Corp. is warping the definition of “services” to dodge a claim that it violated Ukraine-related sanctions in 2014 by striking a series of oil and gas deals with a powerful ally of Russian President Vladimir Putin. Exxon is using an “overly… Read More

5th November 2019

Investigation: UK accounting firms tied to alleged Kolomoisky fraud

Britain is known for its strong rule of law. Yet London is also a global hotspot for money laundering, tax evasion and other financial crimes. Experts say that a no-questions-asked approach to opening U.K. companies has exacerbated this problem. However, the U.K.’s transparent registries and its freedom of information laws… Read More

30th October 2019

The Shady Cryptocurrency Boom on the Post-Soviet Frontier

At the edge of a lake on a fault line of the new Cold War stands a building that, depending on how you look at it, is either a relic of a failed revolution or the beating heart of a new one. In Soviet times, the Kuchurgan electricity plant powered… Read More

22nd October 2019

Exxon Says Ukraine Sanctions Rules Interpretation Is Too Broad

Exxon Mobil Corp.’s clash with Treasury Secretary Steven Mnuchin is escalating in a Texas court with the energy giant claiming government interpretation of sanctions regulations is too broad. The dispute relates to a 2014 deal Exxon struck with Moscow-based Rosneft OAO while the company’s Chief Executive Officer Igor Sechin… Read More

18th October 2019

Probe of Giuliani Allies Gathered Records on 50 Bank Accounts

U.S. authorities investigating an alleged effort by associates of Rudy Giuliani to funnel foreign money into U.S. election campaigns have collected records of financial transactions for more than 50 bank accounts as well as correspondence on 10 email addresses, a federal prosecutor said in a New York courtroom Thursday. The… Read More

16th October 2019

PrivatBank wins London appeal in lawsuit against ex-owners

PrivatBank won an appeal in a London court on Tuesday that allows Ukraine’s largest lender to pursue claims worth billions of dollars against its former owners. The case is part of a protracted legal battle between the Ukrainian government and former owners Ihor Kolomoisky and Gennadiy Bogolyubov after PrivatBank was… Read More

14th October 2019

Giuliani associate linked to Yanukovich’s stolen cash

Semyon Kislin, a business associate of Donald Trump who is due to give evidence at the US president’s impeachment inquiry on October 14, tried to obtain millions of dollars that Ukrainian prosecutors deemed stolen, Al Jazeera can reveal. Kislin is a long-time friend of Trump’s personal lawyer, Rudy Giuliani. Read More

11th October 2019

International Warrant Being Drafted For Ukraine Billionaire Zhevaho

An international arrest warrant is being prepared for Ukrainian billionaire Kostyantyn Zhevaho, who the newly created State Bureau of Investigations (DBR) suspects of large-scale money laundering and embezzlement of funds from a bank he formerly owned. DBR chief Roman Truba said in a briefing on October 9 that an arrest… Read More

4th October 2019

Ukraine’s Former National-Security Chief Danylyuk Says Resigned Over Privatbank

Ukraine’s former national-security chief, Oleksandr Danylyuk, said a “cluster of events” led to his resignation after just four months on the job, but the last straw was the situation around the country’s biggest lender, Privatbank. In an interview with the BBC’s Ukrainian service published on October 3, Danylyuk said he… Read More

25th September 2019

SBU busts money laundering center with US$1 bln annual turnover

Operatives of the SBU Security Service of Ukraine have halted the activities of a Kyiv-based money laundering center with a total turnover of over US$1 billion a year. “The culprits carried out financial transactions using a number of fictitious enterprises to illegally cash out funds to evade the tax burden… Read More

Must Read

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NAB faces ‘significant’ penalties for money laundering breaches

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German Parliament passes anti-money-laundering laws

Danish watchdog orders Handelsbanken to boost anti-money laundering efforts