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Russian news: 10 accused over illegal banking activities

10 Russian nationals will stand in court as a result of an investigation that unveiled a scheme of illicit banking activities.

The accused created 30 fake companies over a period of six years to perpetrate the black market banking operation.

The theme worked by creating companies for one day in order to move unaccounted money.

4 billion rubles circulated over the scheme making a 50 million rubbles profit for the criminals.

The operation affected 3500 people.

Charges include money laundering, fraud and illegal operation of banking activities.

Source

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/10207-russia-30-fake-firms-and-4-billion-rubles-later-10-will-stand-trial

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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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