SCOTLAND’S RUSSIAN MONEY LAUNDERING

The Sunday Post in Scotland on 19th November carried a feature, “Scotland’s £27bn laundry: Organised crime gangs in former Soviet Union use Scots firms to rinse dirty fortunes”.  It reports (as already known or guessed at) businesses in Scotland have been used to launder up to £27 billion in dirty money belonging to organised crime gangs in the former Soviet Union. It claims to reveal 4,500 financial transactions have been questioned as Scots-registered firms are linked to massive fraud and tax evasion in Russia and Azerbaijan, according to new research.

https://www.sundaypost.com/fp/scotlands-27bn-laundrythe-russian-connection-organised-crime-gangs-use-scots-firms-to-rinse-dirty-fortunes-as-social-media-probe-fuels-fears-of-kremlin-propaganda-war/?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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