Kleptocracy Daily – May 20, 2016

The EU is likely to extend economic sanctions against Russia, despite internal dissent.

In Ukraine, a company owned by Petro Poroshenko is alleged to have transferred money offshore in breach of a ban. Expectations are low for Yury Lutsenko, Ukraine’s new prosecutor general, while the deputy prosecutor for Kyiv region is arrested for stealing (lots of) sugar. Ukrainian troops are demoralized by the corruption which robs them of vital support.

On the run from Russian and British authorities, Sergei Pugachev is hiding on the French Riviera.

Taganskaya gang boss Alexander Romanov has been convicted of money laundering in Majorca.

Hostile foreign governments are hacking U.S. presidential candidates.

Investment bank Raymond James was fined $17 million for anti-money laundering failures.