An almost $9 billion global money-laundering scheme allegedly set up and run by Russia's largest private investment bank and having close ties to the country's ruling elite has been uncovered by the Sarajevo-based Organized Crime and Corruption Reporting Project (OCCRP). An OCCRP investigation published on March 4 alleges that the $8.89 billion scheme, dubbed the Troika Laundromat, allowed corrupt politicians and organized-crime figures to launder funds, evade taxes, hide assets abroad, and carry out other illegal activities. The investigation singles out Sergei Roldugin, the Russian cellist who is one of Russian President Vladimir Putin's oldest friends, as one of the main beneficiaries of the scheme. The OCCRP, a group that has previously exposed two other such schemes, known as the Russian and the Azerbaijani laundromats, says the investigation was made possible by one of the largest leaks of banking transactions ever, obtained together with Lithuanian news site 15min.lt. The … [Read more...] about Report: Huge Money-Laundering Scheme By Russia’s Largest Investment Bank
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0 Have your say Here are some of the issues covered by today's release of 25 technical documents setting out government planning and advice for businesses and citizens in the event that Brexit talks fail to reach an agreement. University researchThe UK Government has offered a guarantee to universities and research institutes receiving money through the Horizon 2020 programme, which has provided 4.6 billion euro to fund British research since 2014.Existing research projects will not lose their funding - but the government admits that the situation is less clear in cases where British researchers are working with colleagues elsewhere in the EU.Those projects may no longer be eligible for funding from the UK, and may not meet Horizon 2020 rules, either.READ MORE: Holidaymakers and online shoppers to face higher costs under no deal BrexitOrganic foodOver a third of British lamb is exported to the EU, and organic farmers across the UK use European standards and … [Read more...] about No-deal Brexit papers: what do they say?
LONDON (Reuters) - Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc. Britain's Secretary of State for Exiting the European Union, Dominic Raab gestures during his speech outlining the government's plans for a no-deal Brexit in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Brexit secretary Dominic Raab said he remained confident the two sides would reach a deal, but set out in a series of notes what could change without one. With little more than seven months to go until it leaves the EU on March 29, Britain has yet to reach an agreement with the bloc on the terms of its departure. Prime Minister Theresa May’s plan for a “business-friendly” deal has failed to impress negotiators in Brussels and has been heavily criticised at home. “We have a duty, as … [Read more...] about No-deal Brexit will bring tangle of red tape, Britain warns companies
LONDON (Reuters) - Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday. FILE PHOTO: A Union Jack themed Visa credit card is seen amongst British currency in this photo illustration taken in Manchester, Britain March 13, 2017. REUTERS/Phil Noble/Illustration In a document detailing contingency planning if Britain leaves the EU in March with no transition deal, the government said unilateral action on several fronts could only minimise disruption up to a point. Over a million Britons living abroad may not be able to access their UK bank accounts to receive pensions and salaries, the document said. All Britons will face higher costs to make card payments in the EU when travelling abroad. The EU this year agreed to cap the fees retailers pay to process debit and credit card transactions. Without a … [Read more...] about Britons living in EU could lose access to UK bank accounts in…
LONDON (Reuters) - British companies trading with the European Union will face a tangle of red tape and possible delays at the border if the government fails to negotiate an exit deal before Britain leaves the bloc, official papers showed on Thursday. Big Ben themed money boxes are seen for sale at a souvenir stall in London, Britain. Aug 22, 2018. REUTERS/Peter Nicholls Britain’s Brexit minister Dominic Raab said he remained confident the two sides would reach a deal, but set out in a series of notes what could change without one, including more paperwork for trade and more costly credit card payments when ordering EU products. With little more than seven months to go until it leaves the EU on March 29, Britain has yet to reach an agreement with the bloc on the terms of its departure. Prime Minister Theresa May’s plan for a “business-friendly” deal has failed to impress negotiators in Brussels and has been heavily criticized at home. “We have … [Read more...] about Red tape, border delays if no Brexit deal, Britain warns firms