A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.”
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$8.8 Billion Money Laundering Scheme
The Organized Crime and Corruption Reporting Project (OCCRP), a non-profit media organization, published a set of reports this week detailing a complex money laundering scheme “to channel billions of dollars out of Russia” which it and Lithuanian news site 15min.it uncovered.
“The data, which was compiled from multiple sources, represents one of the largest releases of banking information ever, involving some 1.3 million leaked transactions from 238,000 companies,” worth $470 billion, the project website describes.
OCCRP Executive Director Paul Radu…