Sanctioning the unknown

Worth reading this op-ed piece from the Moscow Times on why Western sanctions might not hit home in Russia.FCA - Putin juggling

It argues that while sanctions are not a new concept for private sector institutions to follow, the offshore nature of how many Russian entities do business, combined with complex business structures designed to obscure the beneficial owners of an entity would make identifying sanctioned individuals almost impossible.

Financial Crime Asia is wondering if this is anything new for financial institution analysts – turned investigators –  who regularly scour complex business arrangements to scan for sanctioned entities and people?

 A few more unknowns

According to this report on from The Washington Free Beacon, lists a series of corruption allegations.

Former Deputy Prime Minister Boris Nemtsov, one of the report author’s told Radio Free Europe/Radio Liberty that key figures linking Putin to billions of dollars worth of corruption are largely unknown to most Russians.”

Enhanced by Zemanta
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s