Unexplained Wealth Orders (UWOs) — nicknamed the “Mcmafia” law after the hit TV drama about Russian organized crime in London — received a lot of attention in the press as the solution to the UK’s dirty money problem.… Continue Reading
The Organized Crime and Corruption Reporting Project (OCCRP) has named Russia president Vladimir Putin the 2014 Person of the Year. The award is given annually to the person who does the most to enable and promote organized criminal activity, the OCCRP said.… Continue Reading
Moldova has opened a criminal money-laundering probe connected to the alleged $230 million theft exposed by murdered Russian anti-corruption lawyer Sergei Magnitsky.
Moldova is investigating $53 million that may have laundered through banks there, London-based Hermitage Capital said Monday in a news release.
Moldova joins Switzerland, Cyprus, Latvia, and Lithuania in money-laundering investigations ‘into the trail of funds stolen from the Russian treasury with the involvement of Russian government officials and organized criminals,’ Hermitage said.… Continue Reading