New Leaks Expose Secret Swiss Bank’s Involvement in Oligarch’s Offshore Empire
New York (RichTVX.com) — Breaking News: Russian Oligarch Held Over $2 Billion in Assets Through Secret Swiss Bank, Cypriot Service Provider – Get the Latest at RichTVX.com.
A Russian oligarch was found to have hidden over $2 billion in assets through secret accounts in a Swiss bank and a Cypriot service provider. Despite EU and UK laws requiring banks to freeze assets owned or controlled by sanctioned individuals, it is unclear if these banks continued to provide services after the oligarch was sanctioned. Anti-corruption advocacy groups are warning UK and EU banks to be cautious of accepting transfers of assets from sanctioned individuals to their children. The oligarch’s complex corporate structure obscured his ownership of offshore firms, and some loans between entities owned by him have raised red flags for their legitimacy. Learn more about this breaking news story and its potential implications at RichTVX.com.
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