US: 5 RUSSIAN NATIONALS AND 2 OIL TRADERS CHARGED IN GLOBAL SANCTIONS EVASION AND MONEY LAUNDERING SCHEME

On 19 October, a news release from US DoJ advised that the scheme involved illicit oil deals for Petroleos de Venezuela S.A. (PDVSA), the Venezuelan state-owned oil company, as well as sourcing parts used in the Russian-made Sukhoi fighter aircraft and the US-made F-22 Raptor stealth fighter aircraft.  Payment for illicit activities were often consummated in US dollars routed through US financial institutions and correspondent bank accounts.  To facilitate these transactions, the group used fictitious companies, falsified KYC documentation and bank accounts in high-risk jurisdictions, causing US banks to process tens of millions of dollars in violation of US sanctions and other criminal laws.  In 2separate cases, charges filed against 2 companies and half a dozen individuals arrested for alleged illegal sale and export of powerful dual-use technologies

https://www.justice.gov/usao-edny/pr/five-russian-nationals-and-two-oil-traders-charged-global-sanctions-evasion-and-money

https://www.theblock.co/post/178421/u-s-authorities-indict-alleged-money-laundering-ring-that-sold-venezuelan-oil-for-usdt

https://www.justice.gov/opa/pr/justice-department-announces-charges-and-arrests-two-cases-involving-export-violation-schemes

Any modest contributions for my time and ongoing expenses are welcomed! 

At Buy me a Coffee single contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y