April 2022 3rd Edition

Featured Articles

ICIJ Reveals Pandora Papers’ 800 Secret Russian Companies in wake of Western Sanctions

The Offshore Leaks Database spotlights vital new information on the covert financial activities of oligarchs, bankers and politicians as waves of Western sanctions target Putin loyalists. The International Consortium of Investigative Journalists is making public a trove of new information about shell companies linked to Russians as part of a broader effort to spotlight the offshore world and the hidden wealth of Kremlin-linked figures in the wake of Russia’s invasion of Ukraine. The company names and other data on more

April 13, 2022

Sanctions: Cayman Islands Freezes US$7.3 billion in Russian Assets

The Cayman Islands has frozen assets worth US$7.3 billion under the Russia sanctions enforcement. Cayman applies UK sanctions and has made more than 800 asset freeze designations against Russian individuals and entities. Local financial services providers have submitted more than 400 compliance reporting forms to Cayman’s Financial Reporting Authority (FRA),

April 13, 2022

GI-TOC Report: Sanctions on Russia Forces Putin to Turn to African Gold Industry

Blocked from international financial and gold markets following its invasion of Ukraine, Russia could use its influence in West Africa to exploit illicit gold markets and gold laundering to generate profits and move finances across borders, said a new report by the Global Initiative Against Transnational Organized Crime (GI-TOC.) Blocked

April 12, 2022