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Britain says Russian contractors have no say in visa process

AP — Britain’s Home Office says that the company contracted to collect visa applications in Russia has “absolutely no involvement with the decision-making process.” The company, TLSContact, is “simply an application point,” according to a statement. Final decisions are made in the U.K. The statement late Friday came in… Read More

Money laundering: Browder accuses Nordea of processing $405 million in suspicious funds

British-based businessman Bill Browder has reportedly accused Nordea Bank of processing $405 million is suspicious funds, adding more details about the banks he alleges helped launder dirty money from Russia. Nordea is listed in a criminal complaint filed to Finish authorities, Bloomberg said, adding that Finland’s National Bureau of Investigation… Read More

Russian oligarch under U.S. sanctions files suit against Nordic banks

A Russian businessman under U.S. sanctions over the Ukraine conflict due to his close ties with President Vladimir Putin has filed suit against four Nordic banks, accusing them of discrimination, a court said on Monday. The lawsuit presented by Boris Rotenberg accuses Nordea, Danske Bank, Handelsbanken and OP Bank of… Read More
6th December 2018
AP — A shadowy Israeli billionaire who made his fortune in the insular world of diamonds has suddenly found his empire in jeopardy after close associates were busted in a massive smuggling ring and an employee mysteriously plummeted to her death from his high-rise Tel Aviv… Read More
29th November 2018
The impoverished state of Central African Republic landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country $12 billion — but the bank then said it was a clerical error and there was no such loan. The loan was mentioned… Read More
29th November 2018
European Union leaders meeting for a summit in Brussels in December are expected to extend for another year the bloc’s main economic sanctions against Russia over Ukraine. The bloc is debating whether to add more sanctions over the latest flare-up of tensions between the two on the Azov Sea. Below… Read More
28th November 2018
Several senior European politicians on Tuesday raised the possibility of new sanctions against Russia to punish it for capturing three Ukrainian vessels at sea, an incident the West fears could ignite a wider conflict. Financial markets have responded to the prospect of new Western sanctions that could hurt Russia’s economy,… Read More
21st November 2018
AP — South Korea’s Kim Jong Yang was elected as Interpol’s president on Wednesday, edging out a longtime veteran of Russia’s security services who was strongly opposed by the U.S., Britain and other European nations. Kim’s election was seen as a victory for the White House and its European… Read More
21st November 2018
AP — Interpol is facing a pivotal — some say possibly fatal — moment in its history as members decide whether to hand its presidency to a man who represents Vladimir Putin’s Russia. Kremlin critics fear they could soon face arrest wherever they go. Western… Read More
19th November 2018
AP — Britain’s Home Office says that the company contracted to collect visa applications in Russia has “absolutely no involvement with the decision-making process.” The company, TLSContact, is “simply an application point,” according to a statement. Final decisions are made in the U.K. The statement late Friday came in… Read More
8th November 2018
AP — British authorities on Wednesday extradited Ivica Todoric, the founder of a deeply indebted food and retail company, to Croatia in a case that has shaken the Balkans. A year after Todoric was detained in London on embezzlement charges, the 67-year-old landed in Zagreb on… Read More
2nd November 2018
Russia imposed financial sanctions on Ukraine’s political elite on Thursday, freezing the Russian assets of hundreds of politicians and officials along with dozens of businesses owned by Ukrainian businessmen. The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev and were described as counter-sanctions drawn… Read More
25th October 2018
British-based businessman Bill Browder has reportedly accused Nordea Bank of processing $405 million is suspicious funds, adding more details about the banks he alleges helped launder dirty money from Russia. Nordea is listed in a criminal complaint filed to Finish authorities, Bloomberg said, adding that Finland’s National Bureau of Investigation… Read More
Must Read

FATF publishes assessment of UK anti-money laundering, counter terror financing systems

A global anti-money laundering (AML) watchdog has found that the United Kingdom has a ‘robust understanding’ of laundering and terrorism financing threats, but warned it faces significant risks of dirty cash inflows from offshore jurisdictions and foreign criminals. The Financial Action Task Force (FATF) said Britain’s ‘strong’ public-private partnerships are… Read More

Deutsche Bank hit by new laundering report; shares slide again

Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank (DANSKE.CO) than previously thought. A Deutsche Bank spokesman declined to comment on the FT article. He said, however,… Read More