Ukraine’s parliament has excluded recovering assets stolen under the Yanukovich regime from its agenda - for now. Ukrainian police accused an Austrian bank of fraud and money laundering worth $750 million. What is oligarch Rinat Akhmetov’s role in the Ukraine crisis?
A U.S. Senate committee wants to resurrect a Cold War task-force dedicated to countering Russian espionage. A drop in licenses issued by Russia’s central bank has apparently reduced illicit capital flight. The FSB has raided Scientology offices in Moscow and St Petersburg.
China has jailed the former president of state-owned China Resources Power for accepting $65 million in bribes. Many Chinese viewers are skeptical of a televised bribery confession by the leader of village known for opposing corruption. Hong Kong regulators have reported a spike in anti-money laundering breaches.
Should U.S. lawyers who set up shell companies be required to perform customer due diligence?
Charles Davidson, KI’s Executive Director, will join colleagues from McCain Institute and Atlantic Council at an event in DC later today: “The Problems With Minsk and Corruption: How to Help Ukraine.” Attend or watch online.
