China, Turkey and Cyprus circumventing Russian sanctions, UAE a particular concern for Western allies
Russian customs data shows that countries most actively facilitating circumvention of wartime sanctions by Russia include China, Turkey, Cyprus and the UAE, according to analysis by the Free Russia Foundation (FRF). Western allies are responding by calling on jurisdictions to curb exports of critical goods…
Freshly sanctioned Russian entities may turn to established TBML platforms and schemes
Sanctions imposed by western countries, Australia and Japan on Russian banks, oligarchs and other wealthy individuals in response to Moscow ordering troops into separatist regions of eastern Ukraine may prompt sanctioned individuals and entities to contemplate using trade-based money laundering (TBML) operations to channel funds….
Shell companies key to North Korea’s illicit access to the global financial system
North Korea is managing to bypass international sanctions and gain access to the global financial system using shell companies and bogus documents according to confidential bank documents NBC News says it has seen. The documents indicate that North Korea, alongside other rogue actors, move millions…
