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Cyprus President hit by Russian Laundromat scandal

Mr. Nicos Anastasiades has dedicated important diplomatic resources to maintain and develop the country’s ties with Russia since the election of 2003 which brought him to power.

Nonetheless, the current scandal dates longer than his election as refers to the law firm Nicos Chr. Anastasiades and Partners LLC (which now is owned by his daughters and partners) but which has profusely provided services to Putin’s network.

Additionally, Mr. Nicos Anastasiodes holds a private office in the same building as co-tenant).

Investigation linked a number of the shell companies organised by the firm with Russian oligarchs and with schemes to move Russian money to international markets.

As reported, at least a couple of firms “Batherm Ventures Ltd. and Matias Co Ltd.” are directly connected with the Russian Laundromat.

The report notes that such companies sent about $323 Millions into the system with not known reasons.

Both companies appear to by ultimately owned by the Russian billionaire Mr. Alexander Abramov who obtained the Cypriot passport with the help of the firm, becoming then a EU citizen.

Cyprus is currently under the spot light of news outlets for their long standing relationship with Russia and the number of accountants; lawyers and other professional aiding criminals and corrupted Russians to penetrate the financial system.

Source

https://www.occrp.org/en/troikalaundromat/bank-records-link-president-of-cyprus-to-troika-laundromat

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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