RUSSIAN OLIGARCHS LAUNDER DIRTY CASH IN UK COURTS USING “FAKE” TRIALS

On 13 January, KYC 360 reported on a report from the Henry Jackson Society which claimed that corrupt Russian oligarchs are bringing lawsuits in English courts to launder hundreds of millions of pounds in dirty money, with the “damages” paid over effectively becoming laundered funds.  It is said that oligarchs agree to sue each other in the English courts with the payment of damages being used to launder their funds, and they can also arrange to bring cases against themselves using sham companies.  In a foreword to the report, a prominent English QC says that the scale of Russian interference in the English judiciary is such that it now constitutes a “critical national security threat”.

https://www.riskscreen.com/kyc360/news/oligarchs-launder-dirty-cash-in-uk-courts/

https://henryjacksonsociety.org/publications/russian-kleptocracy-and-the-rule-of-law-how-the-kremlin-undermines-european-judicial-systems/

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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