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A Tarnished Gem? Building Bad On Ukraine’s Black Sea Coast

Studded with Mediterranean-style cottages and modest low-rise homes, the winding descent toward the Golden Shore public beach might be charming — if it weren’t for the huge concrete hulk thrusting itself into view from below. Here, on the southern outskirts of Ukraine’s Black Sea port city, beachgoers grab snacks and… Read More

Airbnb Reveals Potential Noncompliance of U.S. Sanctions

Airbnb Inc. said it made voluntary disclosures to the Treasury Department about its compliance efforts and certain user activity on its platform that may have been at odds with requirements under U.S. sanctions laws. The San Francisco-based home-sharing company said it conducted an internal review and is in discussions with… Read More

U.S. targets insurers in latest round of Nord Stream 2 sanctions

The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost a year. House and Senate negotiators agreed to target insurers and technical certification companies working on… Read More

3rd November 2020

What a new US administration could mean for the sanctions landscape

The past 12 months have been characterized by a significant increase in regulator activity. At a time of heightened geopolitical tensions, particularly between the U.S. and China, we’re seeing a surge in new sanctions and trade regulations. In recent months, those tensions have hit the headlines thanks to the ongoing… Read More

29th October 2020

Ukraine’s Top Court Deals Critical Blow To Anti-Corruption Agency

Ukraine’s Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it unconstitutional to hold officials criminally liable for intentionally providing false information on asset declarations. It also struck down several powers of the National Agency for… Read More

28th October 2020

Swiss court upholds ex-Ukraine MP’s money-laundering conviction

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks for awarding overpriced contracts. In the verdict released on Monday, the Federal Criminal Court also kept in place the conviction of a second Ukrainian national described… Read More

21st October 2020

U.S. Broadens Sanctions to Thwart Completion of Russian Gas Pipeline

The State Department broadened the scope of sanctions targeting an unfinished Russian-backed natural-gas pipeline that has been a source of tension between Germany, Russia and the U.S. Sanctions enacted late last year focused on pipe-laying vessels for Nord Stream 2 and halted the $10.5 billion pipeline, which is… Read More

21st October 2020

Putin’s blacklisted oligarch ally to cash in on Morrison government’s gas-led recovery

A Faberge egg-collecting Russian oligarch who the US has hit with financial sanctions is set to benefit from the Morrison government’s gas-led recovery, it can be revealed. And a mysterious company registered in secrecy-haven Delaware is also in line to reap dividends if one of the key gas basins the… Read More

20th October 2020

How ING bank in Poland helped Russians launder money

The Polish unit of the Dutch bank ING, ING Bank Slaski, for years allegedly helped Russian and Ukrainian oligarchs move huge sums of money out of ex-Soviet Union countries, according to the US Treasury’s fraud investigation department, FinCen. FinCen files were leaked to and published by the International Consortium… Read More

8th October 2020

Kazakh Opposition Leader Charged In France With Embezzlement

Kazakh opposition leader Mukhtar Ablyazov has been charged in Paris with embezzling $7.5 billion in a case brought by Kazakhstan, according to one of his lawyers. Gerard Cholakian said Ablyazov, who was recently granted political asylum in France, was charged with “aggravated abuse of trust” and “money laundering” before he… Read More

6th October 2020

Spies, oil and the billionaire mogul trying his luck with the National Lottery

Sir Malcolm Rifkind had been more used to summoning ambassadors than visiting them. His spell as Foreign Secretary had been cut short, however, by a Conservative electoral collapse. Having lost his Commons seat too, in the first summer of the new millennium Rifkind approached the Czech embassy, a prize-winning concrete… Read More

29th September 2020

Clients of Estonia’s E-Residency Project Linked to Crypto Scams

Foreigners granted remote access to Estonia’s digital infrastructure through its e-residency program are being linked to crypto-currency frauds abroad, threatening efforts to repair the Baltic nation’s image after one of Europe’s largest money laundering scandals. Companies registered overseas and headed by Estonian e-residents have been involved in “a few large-scale… Read More

25th September 2020

Something for nothing: Ukrainian oligarch Dmytro Firtash profited from bailout loans

Ukrainian oligarch Dmytro Firtash siphoned off more than $190 million of state loans his bank received in the wake of the global financial crisis, part of which he ploughed into a deal to privatize a titanium manufacturing company, according to leaked documents. Bank filings and details from a criminal investigation… Read More

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