LEAKED FILES SHED LIGHT ON FINANCIAL STRUCTURES BEHIND RUSSIAN OLIGARCHS’ SEIZED YACHTS

On 24 August, ICIJ said that a complex networks of offshore companies are making for choppy waters for authorities looking to confiscate high-value assets.  It also said that a US Treasury squad known as the Russian Elites, Proxies, and Oligarchs (REPO) Task Force has worked with other governments to block and seize more than $30 billion belonging to those close to President Vladimir Putin.  The Pandora Papers’ Russia findings, along with those of past ICIJ projects on the offshore financial system (compiled into a single repository of stories known as The Russian Archive), became a go-to resource for oligarch-asset hunters worldwide after Western governments rushed to impose economic sanctions on Russia after its invasion of Ukraine in February.  It provides a breakdown of official efforts to seize assets of oligarchs named in the Pandora Papers and other ICIJ investigations.

https://www.icij.org/investigations/pandora-papers/leaked-files-shed-light-on-financial-structures-behind-oligarchs-seized-yachts

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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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