RUSSIAN FRONT COMPANIES, TAX HAVENS TIED TO ASSAD’S ‘CHEMICAL ARSENAL’

On 13 July, KYC 360 carried a report from The Times on a Global Witness investigation which is said to have revealed that a Russian-Syrian business network has been accused of using front companies, tax havens in British overseas territories and European countries to transfer millions of dollars around the world for the Assad regime. The network, run by a Russian-Syrian businessman called Mudalal Khouri and his brothers, is said to have helped the secretive organisation developing the regime’s chemical weapons to acquire raw materials and equipment, according to the investigative report.

https://www.riskscreen.com/kyc360/news/moscow-front-companies-tax-havens-tied-to-assads-chemical-arsenal/

https://www.globalwitness.org/en/campaigns/corruption-and-money-laundering/khouri-networks-global-connections/

https://www.occrp.org/en/investigations/laundering-misery-the-khouri-networks-global-reach

 

 

 

 

 

 

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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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