Kleptocracy Weekly: July 10-14

U.S.

Russia

  • An anonymous Russian website is using controversial identification software to find the names and social media accounts of anti-corruption protesters who demonstrated in cities across Russia on June 12.
  • How Russian state TV spun Putin’s G20 meeting with Trump.
  • A Russian court has sentenced five men convicted of killing opposition politician Boris Nemtsov to prison terms ranging from 11 to 20 years.

EU

  • The countries involved in the EU’s Anti-Money Laundering Directive could demonstrate a real commitment to helping to curb corruption in African and other countries (not to mention their own) by ensuring that the beneficial owners of companies, trusts, and similar legal mechanisms are made publicly available.
  • The counter-argument: Germany’s Finance Minister defended Germany’s resistance to EU lawmakers’ demands for public registries of beneficial owners of companies and trusts.

Global

  • The Financial Action Task Force (FATF) has issued a list of nine countries that it says are not taking sufficient measures to combat money laundering and terrorist financing.
  • A Singapore court sentenced a former banker to 4.5 years in prison after he pleaded guilty to a money laundering offense linked to his handling of allegedly misappropriated funds from Malaysian fund 1MDB.
  • The former president of Brazil was found guilty of corruption and money laundering and sentenced to nearly 10 years in prison.