China slams “Wrong” US Sanctions against North Korea- linked trading

A day after China’s state-run airline closed its last remaining routes to North Korea – a decision the airline’s executives blamed on a sharp decline in business travelers due to restrictive UN Security Council sanctions – Communist Party spokespeople slammed new US sanctions targeting Chinese traders doing business with North Korean businessmen, calling them “wrong” while […]

The Ablyazov – Kytheriotis Hidden Beneficial Owners Case Study

The identity of the real owners – the ‘beneficial owners’ – of the companies that have obtained rights to extract oil, gas and minerals is often unknown, hidden by a chain of unaccountable corporate entities. This problem also affects other sectors and often helps to feed corruption and tax evasion. People who live in resource-rich […]

Paradise Papers: Alisher Usmanov’s due diligence role queried

An oligarch with close links to the Kremlin may have secretly taken ownership of a company responsible for anti-money laundering checks on Russian cash, the Paradise Papers show. Isle of Man-based Bridgewaters should conduct independent due diligence tests on firms it administers, including dozens linked to Alisher Usmanov. If he owns or controls the firm it would […]

The outcome of FATF’s Plenary meeting 1-3 November 2017

Buenos Aires, 3 November 2017 –FATF President Mr. Santiago Otamendi and GAFILAT President Mr. Eugenio Curia, both from Argentina, chaired the first Plenary meeting of FATF-XXIX in Buenos Aires. This was a joint Plenary with GAFILAT, therefore all members of both organisations were able to participate in the meeting.  Mr. Mauricio Macri, President of the Republic […]