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25th February 2020

New Russian PM’s Rise Shines Spotlight On Purported Friend’s Mysterious Wealth

Russia has a rising business star in Aleksandr Udodov, an entrepreneur whose apparent success is driven by savvy investments, financial smarts, and a sense of patriotism. At least that is the picture painted by a sudden series of articles in Kremlin-friendly media outlets about Udodov, owner of an agricultural company… Read More

17th February 2020

Ukraine: Unpunished Bank Fraud

The widespread bank fraud and financial malpractice that took place in Ukraine up until 2014 cost the country at least $25 billion in direct taxpayer losses and likely much more. Yet six years later, nobody of consequence has been prosecuted, while recovery of lost and stolen money is feeble —… Read More

30th January 2020

Trump administration issues new sanctions related to Russia’s takeover of Crimea

The Trump administration on Wednesday placed sanctions on leading Russian-backed officials in Crimea, the Black Sea peninsula that was part of Ukraine before Russia claimed it in 2014 and set off the biggest East-West confrontation since the Cold War. The sanctions targeting seven officials and a railway company connecting Russia… Read More

13th January 2020

Exxon’s Court Win Could Spark More Sanctions Penalty Challenges

The U.S. could face more legal challenges to proposed sanctions penalties after Exxon Mobil Corp.’s recent victory in a Texas federal court, white collar attorneys say. The Treasury’s Office of Foreign Assets Control (OFAC) has been on a hot streak of sorts, hitting a six-year high in its number of… Read More

10th January 2020

Tricked Into the Migrant Trade

It was the middle of a typically cold Ukrainian winter, and Valerii Berezkin, a balding, middle-aged mechanic, was in debt and needed cash. Then, in a billiards hall in the city of Cherkasy, a man approached him with a tempting offer: He could travel to Turkey and make money ferrying… Read More

3rd January 2020

Corruption whistleblower law enters into force in Ukraine

Ukraine’s new law amending anti-graft legislation and introducing “corruption whistleblowers” has entered into force. The law is set to protect and provide financial incentives to whistleblowers who report corruption-related offenses. The Ukrainian government will provide a monetary reward to whistleblowers for important tips that will help investigate high-profile corruption-related crimes… Read More

1st January 2020

Exxon Wins U.S. Suit Over $2 Million Ukraine-Sanctions Fine

Exxon Mobil Corp. won a lawsuit challenging a $2 million fine levied against it by U.S. Treasury Secretary Steven Mnuchin after the company allegedly violated Ukraine-related sanctions with a series oil and gas deals in Russia. Exxon wasn’t given sufficient notice that the 2014 contracts with a powerful ally… Read More

31st December 2019

Estonian Financial Intelligence Unit: Sanctions against Rossiya Segodnya no surprise

The head of the Financial Intelligence Unit, Madis Reimand, said that the fact that sanctions are being imposed against Rossiya Segodnya in Estonia cannot come as any surprise, the “Aktuaalne kaamera” newscast of public broadcaster ERR reported. “Our objective is to fully comply with Estonian law and the sanctions imposed… Read More

25th December 2019

Walls Closing In Around Ukrainian Iron Billionaire Zhevago

If recent trends hold, Kostyantin Zhevago’s run as a billionaire is at risk of coming to an end. And that’s only the start of his troubles. A deepening investigation into allegations of money laundering and embezzlement has forced the Ukrainian billionaire out of the leadership of his flagship company, Ferrexpo… Read More

23rd December 2019

Swiss indict Ukrainian politician over suspected money-laundering

The Office of the Attorney General of Switzerland (OAG) has filed an indictment against Ukrainian former lawmaker Mykola Martynenko and a second, unnamed, Ukrainian national over the suspected money-laundering of around €2.8 million (CHF3 million). The OAG said on Friday that the indictment had been filed with the Swiss Federal Criminal Court in Bellinzona against Martynenko and an unnamed Ukrainian citizen. Read More

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