ILLICIT INFLUENCE: A CASE STUDY OF THE FIRST CZECH RUSSIAN BANK

On 28th December, C4DS published a report from the Alliance for Securing Democracy & C4ADS.  It says that in the spring of 2016, as the Russian-domiciled First Czech Russian Bank (FCRB) approached insolvency, staff worked feverishly to erase ledgers, destroy documents, and conceal evidence of the bank’s activity over the previous 9 years.  These documents, had they survived, would have revealed the details of a litany of questionable activities -including financial support for Iran; involvement in the “Russian Laundromat”; support for organised crime figures; and Russian state-sanctioned interference in the Western political system in the form of a €9.4 million loan to the National Front in France.

https://raytoddblog.files.wordpress.com/2019/01/a73a6-illicitinfluencepartonefirstczechrussianbank.pdffcrb

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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