FinCEN FILES UPDATE

The FINCEN FILES – live aggregated news

Ukrainian oligarch Dmytro Firtash profited from bailout loans

On 21 September, OCCRP reported that Ukrainian oligarch Dmytro Firtash siphoned off more than $190 million of state loans his bank received in the wake of the global financial crisis, part of which he ploughed into a deal to privatise a titanium manufacturing company.  It is reported that emergency funds from the National Bank of Ukraine (NBU) were immediately shifted from Firtash’s Nadra Bank to private companies he controlled, crippling the bank while enriching the tycoon.  Firtash’s holding company denied all of the allegations, while the NBU did not respond to multiple requests for comment.

https://www.occrp.org/en/the-fincen-files/something-for-nothing-ukrainian-oligarch-dmytro-firtash-profited-from-bailout-loans

Firm owned by top Nigerian lawyer flagged in US for moving millions of dollars abroad

The Premium Times on 25 September was concerned with a law firm owned by Rickey Tarfa, a senior lawyer facing trial over bribery allegations in Nigeria, has appeared in leaked SAR, with 427 suspicious wire transfers, totalling $2,261,181.22, to multiple accounts within the space of 6 months in 2013. 

https://www.premiumtimesng.com/news/headlines/416764-fincen-files-firm-owned-by-top-nigerian-lawyer-flagged-in-u-s-for-moving-millions-of-dollars-abroad.html

Dublin-listed fund sent $23 million to firm suspected of links to Russian crime boss

On 24 September, the Irish Times reported that the Omega Trust Umbrella Fund, a fund that is listed on the Dublin Stock Exchange transferred $23.5 million to a company which a major US bank later became concerned might be linked to Semion Mogelivich.  A SAR was filed in September 2015 by JPMorgan Chase Bank in Columbus, Ohio.

https://www.irishtimes.com/business/financial-services/fincen-files-dublin-listed-fund-sent-23m-to-firm-suspected-of-links-to-russian-crime-boss-1.4363820

Offshore Alert webinar on the FinCEN Files

On 24 September, Offshore Alert hosted this webinar

https://www.bigmarker.com/offshorealert/ICIJ-s-FinCEN-Files

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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