Featured Ukraine

Beneficial ownership: Man who claimed to be dead is arrested, luxury assets seized

A suspected money launderer who escaped the authorities with fake death certificates has been arrested. The man had aroused suspicion when he was registered as the beneficial or real owner regarding the purchase of a castle in France, The authorities also seized his assets when they arrested him, which included… Read More

A Ukrainian Anti-Corruption Activist Is Now Being Investigated for Corruption

A young activist who became prominent in Ukraine's 2014 uprising and was later appointed to work on a major project to reform the corruption-plagued customs of Odessa is herself being investigated for corruption. Read More

Ukraine imposes sanctions against some Russian and Crimean coal companies

Ukraine has imposed sanctions against a number of Russian and Crimean companies involved in coal transportation, handling and sales. The corresponding decision is stipulated in the resolution of National Security and Defense Council dated September 16, 2016 and presidential decree No. 467/2016. “The basis for applying sanctions is the actions… 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
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
24th October 2018
A suspected money launderer who escaped the authorities with fake death certificates has been arrested. The man had aroused suspicion when he was registered as the beneficial or real owner regarding the purchase of a castle in France, The authorities also seized his assets when they arrested him, which included… Read More
2nd August 2018
Lawyers representing two former owners of Ukraine’s biggest lender PrivatBank denied on Wednesday all allegations of fraud made by the bank but said proving that $248 million was not misappropriated would be complicated. The lawyers’ statement followed a court hearing over the past week, challenging a worldwide freeze on the… Read More
2nd August 2018
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged that the three Ukrainians, who were arrested in Europe between… Read More
11th July 2018
Ukraine’s biggest bank does not rule out settling a legal dispute with its former main shareholders out of court, the head of PrivatBank’s supervisory board said on Tuesday. The Ukrainian authorities took PrivatBank into state hands in December 2016 and have spent nearly $6 billion so far to plug a… Read More
8th June 2018
AP — Ukraine’s parliament has approved creating an anti-corruption court, a key step toward restoring international financial aid, but it has fired the finance minister who has been an important reform advocate. Ukraine has received only about half of a promised $17.5 billion loan package from the International Monetary… Read More
31st May 2018
AP — To the gasps, whoops and applause of stunned colleagues, Russian journalist Arkady Babchenko walked into a news conference Wednesday, less than a day after police in the Ukrainian capital said he had been assassinated. Authorities said his death had been staged to foil a plot on his… Read More
8th May 2018
Ukraine’s new corruption court, whose creation is a key condition set by Western aid donors, should be ready to hear its first cases early next year, General Prosecutor Yuriy Lutsenko said. In an interview with Reuters in London, Lutsenko also said he hoped to join forces with the FBI on… Read More
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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