Kleptocracy Daily: September 12, 2017
Russia is using anonymous companies and smuggling networks to undercut U.S. sanctions on North Korea. Pyongyang is also trying to acquire cryptocurrencies to dodge sanctions. (WaPo, Bloomberg)
Spain is investigating the Industrial and Commercial Bank of China in Luxembourg for money laundering. (NYT)
Rep. Ed Royce, Chairman of the House Foreign Affairs Committee and member of the House Financial Services Committee, voiced his support for a bill to end anonymous companies at a Bipartisan Policy Center event this morning.
After poor election results in Moscow, are Putin’s cronies beginning to turn on him? Three months into Trump’s presidency, Russia reportedly proposed a full …read more
Source: Kleptocracy Initiative