OCCRP details nearly $9 billion Russian money laundering scheme allegedly involving US, EU banks


OCCRP details nearly $9 billion Russian money laundering scheme allegedly involving U.S., EU banks

Thursday, March 7, 2019  

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Posted by: Brian Monroe

By Brian Monroe
bmonroe@acfcs.org
March 6, 2019

A consortium of investigative journalists have uncovered what they are calling the “Troika Laundromat,” a massive $9 billion money-laundering operation with links to powerful politicians and oligarchs and fueled by Russia’s largest private investment bank, along with some of the largest U.S. and European Union financial institutions.

The Organized Crime and Corruption Reporting Project – the group behind the historic “Panama Papers” and “Paradise Papers” leaks – detailed the findings of the latest analysis Monday of how the secretive, elite and corrupt attempt to cleanse illicit gains, an effort that included partnering with the Lithuanian news site 15min.lt and The Guardian.

The Laundromat gave free reign to a cabal of “Russian oligarchs and politicians to secretly acquire shares in state-owned companies, to buy real estate

... read more at: https://www.acfcs.org/news/441990/OCCRP-details-nearly-9-billion-Russian-money-laundering-scheme-allegedly-involving-U.S.-EU-banks.htm

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