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27th July 2020

Privatbank, in amended complaint, claims Kolomoyskiy, partner laundered nearly $800 million

Privatbank, the Ukrainian lender nationalized by the state in 2016, now claims its former owners laundered nearly $800 million through the United States. After analyzing additional bank records, Privatbank filed an amended complaint in a Delaware court on July 21 against tycoons Ihor Kolomoyskiy and Hennadiy Boholyubov, claiming the men… Read More

22nd July 2020

Poland’s ex-transport minister arrested in corruption probe

One of Poland’s ex-transport ministers has been arrested in a corruption probe. The former MP, named only as “Sławomir N.”, was detained on suspicion of corruption and operating within an organised crime group, according to Poland’s Central Anti-Corruption Bureau. The suspect had also served as head of Ukraine’s highways… Read More

21st July 2020

Europol helps EU’s eastern neighbours fight organized crime

OCCRP – A new project that will be led by Europol and financed by the European Commission will help the EU’s eastern neighbours — Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine — fight organized crime. “Located along the Black Sea and forming part of the ‘heroin route’ from the… Read More

14th July 2020

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

13th July 2020

‘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

10th July 2020

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

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