USA began the hunt for the hidden assets of Alfa Group relatives & other “purses” of the Kremlin

The United States began the hunt for the hidden assets of Alfa Group relatives and other “purses” of the Kremlin

IRINA MIROCHNIK

Western countries have seized more than $330 billion worth of Russian assets, including half of foreign exchange reserves.

But it was relatively easy prey: yachts, private jets, real estate, money in known accounts.

Now the search for hidden assets of Russian oligarchs and officials has begun.

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In recent months, U.S. attorneys have issued a string of requests for information, including business records, bank statements and trust registers, people familiar with the situation wrote The Wall Street Journal.

The goal of investigators is to cut through the veil of secrecy that shrouds ownership structures and hides the ultimate beneficiaries of assets.

According to the source, in particular, we can talk about, for example, the environment and relatives of the members of the Alpha Group – Petr Aven, German Khan, Mikhail Fridman and others.

Roman Abramovich’s entourage, in particular Yevgeny Shvidler, fell under the same investigation, another source points out.

To help finance these expenses, the US and its allies recently created a working group called Russian Elites, Proxies and Oligarchs (REPO).

She is looking for assets that, according to the West, were acquired with funds obtained illegally due to the proximity of their owners to the Putin regime.

https://www.complianceweek.com/anti-corruption/fincen-report-identifies-financial-trends-of-russian-oligarchs/32520.article

https://www.gov.uk/government/publications/russian-elites-proxies-and-oligarchs-task-force-joint-statement–2

https://home.treasury.gov/news/press-releases/jy0839

https://www.justice.gov/opa/pr/readout-russian-elites-proxies-and-oligarchs-repo-task-force-deputies-meeting

https://www.fincen.gov/sites/default/files/2022-12/Financial%20Trend%20Analysis_Russian%20Oligarchs%20FTA%20_Final.pdf

https://www.fincen.gov/news/news-releases/new-fincen-analysis-bsa-data-reveals-trends-financial-activity-russian-oligarchs

https://www.natlawreview.com/article/readout-russian-elites-proxies-and-oligarchs-repo-task-force-deputies-meeting

https://www.moscowtimes.eu/2023/01/01/ssha-nachali-ohotu-zaspryatannimi-aktivami-alfa-grupp-a30088

[Writer Irina Mirochnik is the President at IMMER Group & Doctor of Philosophy in Law(PhD)]

03-01-2023

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