Kleptocracy Daily: March 7, 2016


A court in Kiev heard arguments yesterday on the $74 million embezzlement case against Ukraine’s top tax official. (WaPo)

More than 200 wealthy foreigners are choosing to pay £218,200 a year in tax rather than declare which of London’s £20m-plus mega-mansions they own. (Guardian)

The European Parliament blamed Swiss lawyers’ lack of oversight and loopholes in the due diligence process when evaluating Switzerland’s role in revelations stemming from the Panama Papers. (Bloomberg)

A new report by Transparency International states that more than £4.2 billion worth of London property is bought using suspicious wealth. (Financial Times)

Deutsche Bank, which was recently hit with about $630 million in fines over a Russian money laundering scheme, just asked investors for $8.5 billion. (Hartford Business Journal)

A well-known anticorruption blogger jailed in Azerbaijan. (RFE/RL)

Only a select few of Russia’s oligarchs make it to the top of the world’s rich lists. (Moscow Times)


A new report by Forbes finds that almost 70% of money laundering and terrorist financing flows through legitimate financial institutions, yet less than 1% is seized and frozen.

Transparency International reports that corruption challenges growth in China’s rust belt and that over 900 million people in the Asia had paid bribes in the past year to obtain basic public services like schooling and health care.

The Financial Times evaluates whether foreign buyers are responsible for skyrocketing property prices.

The Jamestown Foundation argues that the problem with Russian connections is corruption, not espionage, and how two recent arrests in Spain’s largest cities have brought Russian cyber activities to the fore. 

The Moscow Times asks: Navalny alleged the Russian prime minister is corrupt. Now what?