17 Articles
17 Articles
Sophisticated network of companies participated in money laundering to make Russian purchases abroad possible despite international sanctions.
The Financial Times (FT) has found that Standard Chartered, Citigroup and other international banks processed $6.9 billion in payments from the Kremlin-linked international payment system A7, which used forged documents and shell companies to bypass sanctions and access the global banking system. Some of the payments were related to military goods and purchases by Russian security agencies.
With the Kremlin's blessings, A7, founded by Moldovan oligarch Ilan Shor, used hundreds of shell companies and fake invoices to funnel money into the global financial system.
Reformatorisch Dagblad
International banks have processed billions of dollars originating from a Russian government-backed fintech company, the Financial Times writes based on its own investigation. According to the British business newspaper, the company A7 ensured, through a network of shell companies and forged invoices, that Russian money flowed through the international banking system despite sanctions.
The Financial Times has uncovered a vast collection of documents leaked from a fintech firm called A7, which has exposed a vast Kremlin-backed money laundering network that moved $6.9 billion through the international banking system, including accounts at Standard Chartered, Citigroup and other major international banks, despite Western sanctions. A Hungarian company served as a key conduit for transfers to the European Union, the Financial Time…
A forgery system supported by the Kremlin has enlivened $6.9 billion through global banks. The Financial Times writes this. According to the business daily Standard Chartered, Citigroup...
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