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Ukraine: SBU exposes illegal cryptocurrency conversion center

Ukraine’s SBU Security Service has halted the work of an international Internet network on money laundering through cryptocurrency instruments, the SBU’s press center has reported. “According to the special service, a group of IDPs from the temporarily occupied territories created a number of online sites between 2017 and 2020. They… Read More

‘Magnitsky Act’ will fail while Britain remains money laundering hub, experts warn

By Adam Bychawski, openDemocracy, 10 July 2020 openDemocracy — MPs and anti-corruption campaigners have warned that the British government’s proposed ‘Magnitsky-style’ sanctions regime is not enough to tackle money laundering amid fears that Britain has become a ‘global hub for financial crime’. On Monday, the UK imposed sanctions against 49… Read More

Amazon settles allegations of U.S. sanctions violations

Amazon.com Inc. agreed to settle allegations that it violated multiple U.S. sanctions regulations, the U.S. Treasury Department said Wednesday. The Seattle-based e-commerce giant allegedly provided goods and services to individuals or entities subject to U.S. sanctions, primarily due to deficiencies in the company’s automatic screening processes, according to… Read More

8th July 2020

PPP millions went to firm identified in Ukraine laundering suit

A company accused of helping launder millions of dollars from Ukraine a decade ago is among the apparent recipients of U.S. virus relief funds, according to federal disclosures. The company, Optima 777, received at least $2 million in loans from the Paycheck Protection Program, according to virus-relief loan disclosures made… Read More

1st July 2020

Suitcases of Cash Halted by Virus in EU Money-Laundering Hotspot

When customs agents in Riga followed a tip and searched passengers arriving on a private jet from Ukraine last year, they hit the jackpot. Luggage belonging to the four travelers contained about $1 million in U.S. and European banknotes. The contraband was seized. Latvia, a European Union and euro-area… Read More

29th June 2020

Swiss court finds ex-MP Martynenko guilty of money laundering, sentences him to 28 months in prison

On June 26, the Federal Criminal Court of Switzerland found former Member of Parliament of Ukraine Mykola Martynenko guilty of laundering about EUR 2.8 million through the Swiss financial system “as part of a criminal group.” The court also convicted another citizen of Ukraine, Pavlo Skalenko, who, together with the… Read More

12th June 2020

Kyiv court authorizes arrest of ex-MP Zhevago

An investigating judge of Kyiv’s Pechersky district court has issued a ruling authorizing the arrest of former Member of Parliament Konstantin Zhevago, who is suspected of embezzlement of Finance and Credit Bank’s assets. On Wednesday, June 10, the same court is to decide on the seizure of the suspect’s property,… Read More

5th June 2020

Senators to Back Expanding Nord Stream 2 Sanctions to Insurers

A bipartisan group of senators is planning to introduce legislation that would expand U.S. sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project. Senator Ted Cruz, one of the… Read More

27th May 2020

Feds Arrest Member of Fin7, Group Tied to a Billion Dollars Worth of Hacks

Authorities recently arrested an alleged member of the prolific hacking group known as Fin7, whose victims include Chipotle and other fast food restaurants, casinos, and credit unions, according to newly unsealed court records. The news signals a notch against one of the world’s most sophisticated and successful financially motivated hacking… Read More

20th May 2020

This Billionaire Oligarch Is Being Investigated By A US Federal Grand Jury For Alleged Money Laundering

One of Ukraine’s wealthiest oligarchs, whose name emerged in the center of the Trump impeachment saga, is under investigation by a US federal grand jury for allegedly laundering hundreds of millions of dollars in US real estate, BuzzFeed News has learned. Billionaire Igor Kolomoisky is accused by Ukraine regulators of… Read More

19th May 2020

Fraud Factory Firms Traced to Penniless Proxies

By Mattias Carlsson, Holger Roonemaa, Oliver Kund and Hannes Munzinger, OCCRP, 18 May 2020 OCCRP — Rita is almost 13,000 euros in debt and was convicted of shoplifting a bottle of gin. Ricardo is unemployed and has been arrested several times for drug possession and driving without a license. His mother,… Read More

19th May 2020

Revealed: More than 700 British firms blacklisted in Ukraine for suspicious activity

They are as common as muck in Ukraine. And often as dirty. Foreign shell firms – ‘offshores’ in the jargon – litter the country’s politics and economy. They are used to conceal ownership, avoid tax, make illicit payments and launder dirty money. Their abuse, say anti-corruption campaigners, help keep Ukraine… Read More

8th May 2020

Ukraine’s SBU searches home of ex-tax chief Verlanov in money laundering case

The Security Service of Ukraine (SBU) has searched the apartment of former State Tax Service Chief Serhiy Verlanov. The agency suspects the tax service’s former top management – including him – of tax evasion and money laundering. On May 7, the SBU searched through his documents, flash drives, phones and… Read More

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