Ukraine

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UK: Ex-adviser Richard Faithfull jailed after laundering money for organised crime group

A former investment adviser has been sentenced to five years and ten months in prison for money laundering as part of an organised crime group. Richard Faithfull was convicted of laundering £2.5m as part of a trans-national crime group over a period of at least 12 months. He was also disqualified from being a… Read More

Ukraine sanctions lawmaker accused of meddling in U.S. election

Ukraine’s President Volodymyr Zelenskiy on Sunday signed a decree imposing sanctions on Andriy Derkach, the Ukrainian lawmaker accused by the United States of being a Russian agent and interfering in U.S. elections, the presidential office said. The sanctions include an asset freeze, a ban on capital withdrawals, the revocation of… Read More

Ukraine Bans All Russians From Massive Moscow-Style State Selloff

All Russians will be banned from taking part in a huge new selloff of Ukrainian state-owned companies, a senior official has told The Daily Beast. The move is intended to bolster Ukraine’s economy while freeing it from the tentacles of Russian influence on the 30th anniversary of its independence. President… Read More
15th August 2021
Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021. According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover… Read More
11th August 2021
Oligarch Dmytro Firtash’s company was reportedly denied a titanium mining license in Zhytomyr Oblast for allegedly financing terrorism. The company, Group DF, claimed it was cheated. Ukraine’s state-owned United Mining Chemical Company won the Aug. 9 tender to mine for titanium in the area with a bid… Read More
27th July 2021
The US Treasury Department said that Payoneer, a fintech startup founded by Israeli entrepreneurs, has agreed to pay a fine of some $1.4 million as part of a settlement for more than 2,000 apparent sanctions violations, by processing payments for parties located in Iran, Sudan and Syria among others,… Read More
21st July 2021
The United States and Germany will take action against Russia if it uses the Nord Stream 2 gas pipeline to harm Ukraine or other Eastern European countries, according to two sources familiar with a bilateral agreement expected on Wednesday. The agreement, hammered out in recent months by senior U.S. and… Read More
13th July 2021
Ihor Pavlovskiy, former deputy defense minister and high-ranking military general, has been detained on charges of embezzlement in hardware supplies. The Pechersk District Court of Kyiv on July 12 ruled to put Pavlovsky in jail for 2 months, setting the bail at Hr 475 million ($17.4 million). According to Ukraine’s… Read More
1st July 2021
The head of the licensing department of Ukraine’s central bank resigned on Wednesday along with his deputies, protesting that decision-making there had become centralised, potentially threatening reforms in the banking sector. However, the central bank – the National Bank of Ukraine – in a statement later on Wednesday rejected the… Read More
27th June 2021
Ukraine’s President Volodymyr Zelenskiy on Thursday signed a decree imposing sanctions on tycoon Dmytro Firtash, the presidential office said. The decree said sanctions included an asset freeze, ban on capital withdrawal, revocation of licences, restriction of resource transit and other restrictions. Ukraine’s security and defence council last week announced the… Read More
25th June 2021
Last week, police in Ukraine working alongside other countries’ authorities announced that they had arrested several people connected to a ransomware gang that’s been hacking and extorting dozens of victims in the last few months. These arrests could have been a big blow for the gang known as… Read More
23rd June 2021
By Andrei Ciurcanu and Alessia Cerantola, OCCRP, 22 June 2021 OCCRP — Two smugglers and a China Tobacco executive were speeding through the streets of Naples in a VW Golf when they got a call that broke them into a panic. They were on their way… Read More
21st June 2021
Ukraine imposed sanctions on tycoon Dmytro Firtash on Friday for selling titanium products that allegedly end up being used by Russian military enterprises. President Volodymyr Zelenskiy’s security and defence council said the exact nature of the sanctions would be announced separately in a presidential decree. A spokesman for Firtash was… Read More