Money Laundering
British Virgin Islands Premier Arrested on Drug Trafficking Charges in U.S.
The premier of the British Virgin Islands was arrested on Thursday in the Miami area on drug trafficking and money laundering charges, the authorities said. According to a criminal complaint filed in the U.S. Southern District of Florida, Andrew Fahie, who is the elected head of government of the small territory of about 30,000, requested […]
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How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.
In July 2012, a shell company registered in the British Virgin Islands wired $20 million to an investment vehicle in the Cayman Islands that was controlled by a large American hedge fund firm. The wire transfer was the culmination of months of work by a small army of handlers and enablers in the United States, […]
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Justice Dept. Announces Task Force to Go After Russian Oligarchs
WASHINGTON — The Justice Department announced on Wednesday the creation of a task force to go after billionaire oligarchs who have aided President Vladimir V. Putin in his invasion of Ukraine, part of an effort by the United States to seize and freeze the assets of those who have violated sanctions. The task force will […]
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U.K. Moves to Tighten Laws on Oligarchs. Critics Say It’s Too Late.
LONDON — Eighteen months ago, Evgeny Lebedev was ushered into the clubby inner circle of aristocratic Britain: the House of Lords, to which he had been nominated for a life peerage by his good friend, Prime Minister Boris Johnson. This week, Mr. Lebedev, a 41-year-old Russian-British newspaper baron, found himself on far less comfortable ground. […]
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Laundered Money Could Be Putin’s Achilles’ Heel
The United States and its allies aren’t going to intervene with their own forces against Vladimir Putin’s invasion of Ukraine. I’ll leave it to others with relevant expertise to speculate about whether we’ll send more arms to the Ukrainian government or, if the Russian attack achieves quick success, help arm the Ukrainian resistance. For the […]
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Data Leak Exposes How a Swiss Bank Served Strongmen and Spies
The client rosters of Swiss banks are among the world’s most closely guarded secrets, protecting the identities of some of the planet’s richest people and clues into how they accumulated their fortunes. Now, an extraordinary leak of data from Credit Suisse, one of the world’s most iconic banks, is exposing how the bank held hundreds […]
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