logo_headerTuesday, September 27, 2022

externalPutin allies use loophole in British law to bypass sanctions.

This item is part of our running news digest

August 7, 2022 11:24 amby The Kyiv Independent news desk
Share:

Businessmen Arkady and Boris Rotenberg, close allies of Russian dictator Vladimir Putin, have created a company that is not legally required to disclose its beneficiaries, BBC and Finance Uncovered said in an investigation. In 2016 and 2017, the British government introduced new rules that required almost all UK companies to name their beneficial owners to fight money laundering. However, limited partnerships are not subject to the new transparency rules. One of these partnerships, Sinara Company LP, sent 14 wire transfers totaling $133,000 to an art consultant who facilitated purchases for the Rotenbergs in 2017-2018, BBC reported. 

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.