From Mr. Ethical:
The tweeter is Nicholas Wilson, about whom The Guardian wrote a couple years ago:
Whistleblower wins 13-year campaign against HSBC
Here's what the above tweet is referring to:
Some of his stuff seems a bit wild while some of it seems laser-focus insightful,
More next week, in the meantime here's the OCCRP's portal to the stories:
The Troika Laundromat
Laundromats are complex systems for moving money that allow corrupt
politicians, organized crime figures, and wealthy business people to
secretly invest their ill-gotten millions, launder money, evade taxes,
and fulfill other goals.
OCCRP has previously exposed three such schemes: The Proxy Platform, the Russian Laundromat, and the Azerbaijani Laundromat.
Now, OCCRP and its reporting partners reveal a unique new Laundromat,
created by a prestigious financial institution. This time, the work
shows not only its beneficiaries but also exposes its mastermind and
operator — Troika Dialog, once Russia’s largest private investment bank.
The scheme was discovered in a large set of banking transactions and
other documents obtained by OCCRP and the Lithuanian news site 15min.lt.
The data, which was compiled from multiple sources, represents one of
the largest releases of banking information ever, involving some 1.3
million leaked transactions from 238,000 companies.
The main purpose of the system we’ve named the Troika Laundromat
was to channel billions of dollars out of Russia. But it was much more
than a money laundering system: The Laundromat allowed Russian oligarchs
and politicians to secretly acquire shares in state-owned companies, to
buy real estate both in Russia and abroad, to purchase luxury yachts,
to hire music superstars for private parties, to pay medical bills, and
much more.
To protect themselves, the wealthy people behind this system used the
identities of poor people as unwitting signatories in the secretive
offshore companies that ran the system.
Read on below for the details.
Previously:
March 5
"On Monday, OCCRP published its latest investigation into Russia's offshore money schemes. Here's what happened next"
