IRS investigates use of South Dakota trusts by sanctioned Russian oligarchs
Summary by NewsWall
- U.S. authorities are examining cases where Russian oligarchs bypass sanctions by concealing assets in South Dakota trusts.
- An agent from the Internal Revenue Service disclosed that assets of sanctioned individuals are hidden in trusts through dummy companies.
- According to the Pandora Papers, 206 U.S.-based trusts were identified holding over $1 billion in assets connected to 41 countries.
- Efforts by U.S. authorities to track and confiscate assets of Russian oligarchs have generated proposals to curb anonymous and illegal money flows facilitated by state laws.
Story Details
| Last Updated | Sep 18 |
| Total Articles | 4 |
Main Topics
Similar News
After living for over a year on the International Space Station, two Russians and an American have finally landed back on Earth ... Show more
Norway will close its border to vehicles with Russian number plates from 3 October 2023 ...
Norway to close its border to cars with Russian number plates
Quick Glance: Norway shuts border to cars with Russian number plates
- Vehicles with Russian registration and nine or fewer seats are no longer allowed to enter Norway.
- Exceptions apply to vehicles with ten or more seats and vehicles for humanitarian reasons.
- Diplomatic vehicles and vehicles belonging to international organizations or state courier services are also exempt from the regulation.
- The Baltic States have also prohibited the entry of cars with Russian number plates.
Russian President Vladimir Putin has signed a decree to start the autumn conscription to the Russian Armed ...
Putin signs decree to conscript 130,000 Russians
A European Commission report says the network has the most disinformation of six ...
Russian disinformation most active on X, formerly known as Twitter, EU says
Smer would not form a government, the poll shows and Russian media write.
Liberals top one of the last polls before the election
Quick Glance: Liberals lead final pre-election poll
- According to the poll and Russian media, Smer would not form a government.
- The latest NMS Market Research poll, conducted for the Sme daily between September 21 and 24, shows support of 19.7 percent for PS, followed by the left-wing populist party Smer with 19.4 percent.
- Based on the statements of political leaders on potential post-election cooperation, PS would be the only party able to form a government, in theory.
Yelena Kostyutschenko is a Russian journalist and Putin critic. In the fall of 2022 ...
Yelena Kostyuchenko
How the Kremlin tried to kill me
Quick Glance: Kremlin's Attempt to Kill Jelena Kostjutschenko
- Attempted to wash myself with wet paper towels
- Continued working on book despite worsening condition
- Sweated and dried myself off
- Interrogation at Berlin Criminal Police, 9 hours
The US Department of Justice has stepped up its investigation into two of the ...
US suspects two largest Swiss banks of helping Russians circumvent sanctions
Quick Glance: Suspicions against top Swiss banks for aiding Russian sanctions evasion
- US Department of Justice intensifies investigation into Credit Suisse Group and UBS Group AG for suspected violations of sanctions law.
- Main allegations by Department of Justice pertain to the work of Credit Suisse.
- UBS Group, which acquired Credit Suisse in June, is also under investigation.
- US Department of Justice requested information on handling of sanctioned client accounts, but has not yet requested interviews with executives or staff.
Dmitry Peskov, spokesperson of the Kremlin, claimed that it is Russia that is a European value while ...
Putin's spokesperson claims "Russia is a European value"
Frank Rubio landed in Kazakhstan around 7 a.m. Eastern time Wednesday in a ...
NASA astronaut lands after breaking U.S.-record for longest continuous spaceflight
Quick Glance: US Astronaut Rubio Lands in Kazakhstan, Delighted to Finally Be Home
- US astronaut Frank Rubio breaks record for longest space flight by an American, landing in Kazakhstan with two Russian cosmonauts.
- Rubio, 47, says with a smile, 'Delighted to finally be home,' after landing with Russian cosmonauts Sergey Prokopyev, 48, and Dmitry Petelin, 40.
- Rubio receives a Russian matryoshka doll while Prokopyev is seen smiling beside the capsule, holding a watermelon he requested on landing.
- Rubio is the first American to spend a full year in space.
UEFA decided on Tuesday to readmit Russian youth teams. In addition to Ukraine, England ...
If Russia takes part
Ukraine will boycott all UEFA competitions
Quick Glance: Ukraine boycotts UEFA competitions if Russia participates
- England, Denmark, Sweden, and Poland announce teams won't play against Russian teams
- English and Swedish associations reject Russian teams
- UEFA allows Russian youth teams despite ongoing attack on Ukraine
The alarm is ringing in two Romanian border towns. Residents should go ...
Alarm messages in the border region
Romania suspects Russian drones in its own airspace
Quick Glance: Romania Reports Violation of Airspace by Russian Drones
- Residents of Tulcea and Galati near the Ukrainian border received alarm messages
- Galati and Tulcea are located on the opposite bank of the Danube from Reni
- Alarm for Tulcea and Galati lifted after two hours
- Romania started building air-raid shelters on the Ukrainian border after finding drone debris
The Russian occupiers lost another 390 of their soldiers, 23 artillery systems and 7 ...
Almost 400 Russians killed and 23 artillery systems destroyed over past day
How war and power can usurp language and the many ways that writers push back
Ukrainians Eschew Russian But One of Their Bestselling Authors Embraces It
Military expert Gustav Gressel explains the strategic importance of Crimea ...
Ukraine update
"Without Crimea, the rest of Ukraine is virtually worthless"
Quick Glance: Ukraine Targets Russia's Arms Industry and Energy Network
- Russia attempted to force Ukraine to surrender by attacking its energy system.
- Ukraine focuses on Russia's arms industry in its defense against the invasion.
- After a Ukrainian drone attack, seven villages in the Russian border region of Kursk were cut off from the power grid.
- The Ukrainian intelligence agency SBU confirmed the drone attack.
Ukrainian President Volodymyr Zelenskyy told 60 Minutes correspondent Scott Pelley the world must unite against Russian President Vladimir Putin ... Show more
Quick Glance: Zelenskyy warns of Putin and impending World War III
- Zelenskyy warns that Putin could cause World War III if not stopped in Ukraine.
- Zelenskyy says Putin is counting on U.S. instability during the 2024 election.
- Zelenskyy says drone strikes will continue if Russia keeps attacking infrastructure.
Russian President Vladimir Putin has ordered one of the top commanders of ...
Putin orders former Wagner commander to take charge of 'volunteer units' in Ukraine
Quick Glance: Putin meets Ex-Wagner commander Andrei Troshev
- Troshev was a former aide of deceased Wagner chief Yevgeny Prigozhin.
- He passed away after a brief march of Wagner troops on Moscow.
- President Putin assigned Mr Troshev to lead volunteer units in Ukraine.
- Mr Troshev now works in the defense ministry, according to Kremlin spokesman Dmitry Peskov.
Russian state television showed footage of northern Poland during a report on the Russian city of ...
Russian State TV Shows Polish City in Report on Kaliningrad
Russian and Belarusian para-athletes will be ...
Russian and Belarusian para-athletes permitted to compete under neutral flag at Paris 2024 Games after IPC vote
Quick Glance: Russian Athletes to Compete as Neutrals at Paris Paralympics, IPC Announces
- The IPC also voted for a partial suspension of Belarus, allowing its athletes to compete as neutrals as well.
- Belarus has served as a staging ground for Russian troops and weapons during the invasion.
- Now that the decision is behind us, the focus can shift to the sport and the performances of Para athletes as we approach the Paris 2024 Paralympic Games.
- The decision comes two weeks before the International Olympic Committee session in Mumbai, where the participation of Russia and Belarus at the Paris Olympics next year will also be discussed.
Norway is planning to make a decision to restrict the entry of private cars with Russian licence plates.
Norway plans to restrict entry of Russian cars
Quick Glance: Norway plans restrictions on Russian cars
- Norway plans to restrict the entry of private cars with Russian license plates.
- The Norwegian Foreign Ministry is currently working on new rules to limit the import of Russian cars into the country.
- If Norway does not lift its ban, problems may arise on the six roads between Norway and Finland, where only random customs checks are conducted.
- The entire eastern border of the EU is closed to Russian cars - Lithuania, Latvia, and Estonia have made the same decision earlier this week.
A viral video showcases the heartwarming story of a Russian woman who found what she thought was a ...
Russia woman adopts a cat. Turns out it was a black panther
🤡 Russian Foreign Ministry complains that US and EU are "forcing" Armenia to withdraw from the CSTOt.co/GB4C14u13I
On Tuesday 26 September, Vera Jourova, Vice President of the European Commission ...
European Commission warns Musk's X amidst spread of Russian disinformation
Officials are looking into the French mogul's dealings with a Russian businessman related to ...
LVMH CEO Bernard Arnault probed for possible money laundering
Quick Glance: Investigation into Arnault and Russian Businessman
- The Paris public prosecutor's office is examining financial transactions involving Bernard Arnault, the owner of LVMH, and Russian businessman Nikolai Sarkisov.
- Sarkisov could not be reached immediately.
- According to Le Monde, Sarkisov acquired real estate at a luxurious alpine resort through a complex transaction, with Arnault providing a loan through one of his companies.
- Tracfin intensified its monitoring of financial operations with Russian investors following Russia's invasion of Ukraine.
Her yard is pocked by craters from wayward bombs, the vegetable garden lies in ruins ...
Ukrainian village's sole resident, 76, unafraid after 4,000 km odyssey home
Orest Hrytsyuk, a sergeant of the Armed Forces of Ukraine, spent 9 months in Russian captivity as a POW. He says Russian International Committee of the Red ... Show more
Kremlin leader Vladimir Putin said early on Saturday (Sep 30) that residents of ...
Putin says Russian-held regions in Ukraine endorse their choice to join Moscow
Read all the latest developments and news about the Russian war of aggression ...
Ukraine war in the live ticker
+++ 14:01 Russia puts ICC president on notice +++
Quick Glance: Ukraine War: Russia Seeks IStGH President
- Ukraine reports death of commander of Russian Black Sea Fleet
- Two people trapped under debris in Odessa
- Ukraine destroys Russian motorboat
- Russian occupiers plan conscriptions in southern Ukraine
Russia without Putin - currently hardly imaginable. But a new poll suggests that the public is ...
Life after Putin? Preparations have long been underway in Russia
Russian President Vladimir Putin has insisted that the residents of four Ukrainian regions that Moscow illegally annexed a year ago “made their choice — to be ... Show more
The conditions of Alexei Navalny's imprisonment have been drastically tightened: the Kremlin critic must ...
Navalny must be in solitary confinement for a year
#WIONPulse | NATO chief Jens Stoltenberg meets Ukrainian President Volodymyr Zelensky in Kyiv
Stoltenberg slams Russia's imperial ambitions
Mohammed Saleh brings ... Show more
For 2023, Russia expects economic growth of 1.5 percent, contrary to all forecasts and ...
Sanctions fizzle out
Putin's clever handling of Western pressure
Pig heads were left on doorsteps of three Russian propagandists.
Pig heads left on doorstep of three Russian propagandists
After a week at the UN General Assembly dominated by discussion of Russia’s war in Ukraine ...
Russian foreign minister attacks West as ‘empire of lies’
Quick Glance: Lawrow accuses the West of direct confrontation with Russia
- Russian Foreign Minister Lawrow strongly criticizes the West again.
- Allies of Ukraine are directly fighting with Russia through financial aid and weapons supplies.
- Kremlin claims the West is a threat to Russia and supports Ukraine in a war against Moscow.
- Russia has no interest in a major war, Lawrow emphasizes.
Western powers through their support for Ukraine are "de facto" fighting against Moscow ...
Russia Accuses West of 'De Facto' Fighting in Ukraine
A strong blast has occurred in the temporarily occupied city of Berdiansk in Zaporizhzhia Oblast ...
Explosion rocks Russian-occupied Berdiansk; power outages occur
"The private economy found its way to operate and to do so successfully," Russian oligarch Oleg Deripaska told the Financial Times.
Quick Glance: Russian economy booming despite sanctions
- Russian oligarch Oleg Deripaska explains the reasons behind it.
- The Russian economy has recovered from the sanctions.
- President Putin is optimistic with forecasts of 2.8% growth this year.
- Trade between India and Russia has tripled.
German officials are also voting for Russia's return to European youth football ...
Russia and European football
In the fantasy realm of Watzke and Co
The state-owned Russian energy company Gazprom has released figures showing that its gas production fell by 25% ...
Gazprom reports gas production drop of 25%
In an attempt to break through Russian lines, Kyiv’s forces are abandoning armored vehicles ...
Trench warfare makes a comeback in Ukraine's fight against Russia
Explained | One year on, what we know about attackers who sabotaged ...
Explained | One year on, what we know about attackers who sabotaged Nord Stream pipelines?
Quick Glance: One Year After the Nord Stream Attacks: Tracing the Trails
- The attacks on the Nord Stream pipelines happened a year ago.
- There may have been intentional traces pointing to Ukraine as the perpetrator.
- Konstantin von Notz, head of the Parliamentary Control Committee, comments on the significance of the attacks.
- The investigations into the Nord Stream attacks are being conducted seriously.
The video depicts a Russian-made Il-76 plane, believed to have had Wagner mercenaries aboard ...
Footage Emerges of Il-76 Plane Crash in Mali, Wagner Mercs Killed
UK Chief of Defence Staff, Admiral Tony Radakin ...
Chief of UK Defence Staff
Strikes on Russian Black Sea Fleet prove that Ukraine holds initiative
Residents of Belgorod Oblast have reported a massive drone attack in the region ...
Russians claim that Belgorod Oblast has been massively attacked by drones
Moscow's culture ministry says Barbie is "not in line" with Russian values. Cinemagoers don't seem to ...
Russians queue up to see Barbie film despite sanctions
Iga Swiatek crashed to a 6-2 2-6 6-4 defeat by eighth seed Russian Veronika Kudermetova in the ...
Top seed Swiatek stunned by Kudermetova in Tokyo quarter-final
Ukraine launched a missile attack on the headquarters of ...
Ukraine launches missile attack on Russia’s Black Sea Fleet headquarters in Crimea, officials say
Quick Glance: Ukraine breaks through final Russian defense line
- Clarity emerges behind the attack on the headquarters of the Russian Black Sea Fleet in Sevastopol.
- The USA promises Ukraine a limited number of ATACMS missiles.
- Recent events in the war against Ukraine.
- Ukraine breaks through the final Russian defense line in Zaporizhia.
Denmark, Finland and Norway have opposed the return of Russian teams to international ...
Three more countries to boycott UEFA competitions with Russian teams
Quick Glance: Ukraine to Boycott UEFA Football Competitions with Russia
- Ukraine condemns UEFA's decision to allow Russian U17 teams to participate in international competitions and will boycott games involving Russia.
- Russian teams have been barred from all UEFA events since the invasion of Ukraine in February last year.
- UEFA announced it will ease its restrictions and enable Russian U17 teams to take part in European games.
- UAF appeals to other UEFA members to boycott all possible matches involving Russian teams.
The Russian war of aggression requires a radical rethinking of our foreign policy - especially regarding neutrality ...
Neutrality and Swiss foreign policy
Quick Glance: New Swiss Foreign Policy
- Radical rethink of foreign policy due to Russian aggression
- Neutrality based on the 1907 Hague Convention
- Neutrality in the national interest of the majority
- Switzerland's good offices in relation to neutrality
Wall Street Journal reporter Evan Gershkovich's mother describes how she communicates with her son while he's being detained in Russian jail. cnn.it/45btY8V
A look at Ukraine's counteroffensive from Robotyne to Klishchiivka
Maps of Ukraine counteroffensive and Russian defenses show advances, battle lines
Quick Glance: Polish Politics Shaped by 'Ukraine Fatigue'
- Poland provides leading military assistance to protect Poland from Russian aggression.
- The change in tone of the Polish government regarding Ukraine is surprising.
- There is discussion about the importance of Ukraine's gratitude for Polish support.
- Andrzej Duda compared Ukraine to a drowning man endangering his rescuers.
Finland is planning to ban the entry of cars with Russian number plates, as the Baltic States have ...
Finland will also not allow cars with Russian number plates
Quick Glance: Finland Bans Cars with Russian Number Plates
- Finland plans to ban the entry of cars with Russian number plates, following the example of the Baltic States.
- The European Commission aims to prevent sanctions evasion by banning cars registered in Russia.
Russia’s Vladimir Putin meets Chechen warlord Ramzan Kadyrov ...
Russia’s Vladimir Putin meets Chechen warlord Ramzan Kadyrov, who was rumoured to be in coma
Heightened tensions in the Black Sea come two months after Russia pulled out of a UN-brokered ...
Ukraine attacks on Russia's Black Sea Fleet support grain exports
Quick Glance: Russian Black Sea Fleet Commander Killed; No Comment from Moscow
- Commander of the Russian Black Sea Fleet, Vice-Admiral Viktor Sokolov, killed in an attack in Sevastopol.
- Ukrainian special forces also killed 33 other officers.
- The exact number of casualties is still unclear.
- The Russian defense ministry states that one soldier is missing and was not killed.
Putin claims that Rosatom is building nuclear weapons ...
Construction of “advanced” nuclear weapons
Putin allegedly sends praise telegram to employees
NATO Secretary-General Jens Stoltenberg has met with Ukrainian President ...
NATO's secretary-general meets with Zelenskyy to discuss 'ending Russia’s aggression'
Quick Glance: Ukraine reclaiming ground gradually, according to NATO chief
- Stoltenberg consistently advocates for increased support and faster delivery of air defense systems for Ukraine.
- NATO has framework contracts valued at 2.4 billion euros ($2.53 billion) for ammunition, including 1 billion euros in confirmed orders.
- Stoltenberg also condemned Russian attacks near the border of Ukraine and NATO member Romania.
The Latvian police have declared the practice of putting stickers on personal vehicles with ...
Latvia to impose fines for "I am Russian!" stickers on cars
The world must unite to end Russia's aggression, Ukraine's president tells the UN General ...
Ukraine war
Russian 'evil cannot be trusted', Zelensky tells UN
So far, Kiev has attacked the Russian Black Sea Fleet with surface drones and cruise ...
Volunteers work on a weapon
images show Ukraine's new underwater drone
A top European Union official says the social network X, formerly known as Twitter ...
Musk's X is the biggest purveyor of disinformation, EU official says
Quick Glance: EU: X Identified as Primary Source of Disinformation
- Over 6,000 unique social media posts were examined
- Study analyzes disinformation risk in Spain, Poland, and Slovakia
- TrustLab conducts study to support the EU's code of practice on disinformation
- X, formerly known as Twitter, is subject to the EU's Digital Services Act (DSA)
Despite numerous sanctions, the Russian arms industry continues to run ...
Munz assesses Selenskyj comment
'Could be attacks on Russian arms industry'"
The U.S. urged Azerbaijan to allow international access to Nagorno-Karabakh.
Over 50,000 Armenians flee enclave in Azerbaijan as exodus accelerates
Quick Glance: Thousands of Armenians Flee Nagorno-Karabakh
- Over 28,000 Armenians leave Karabakh
- Roads out of the enclave overwhelmed
- Death toll rises after fuel depot fire
- US urges Azerbaijan to allow observers and aid
On Friday, Ukrainian armed forces attacked the headquarters of ...
Southern Front Commander Injured?: Kiev
Senior Russian Officers Killed in Attack on Naval Staff
Russia's central bank has extended restrictions on transferring funds abroad for another six ...
Russian central bank extends curbs on transferring funds abroad
Ordinary Russians are no longer allowed to bring cars into the EU ...
The West needs to rethink
the sanctions against Russia don't work that way
Das „Intitute for the Study of War“ (ISW) vermutet, dass Putin seinem ...
Was Putins knallhartes Oktober-Ultimatum für den Ukraine-Krieg bedeutet
Britain is discussing the efficacy of a price cap on Russian oil with its Group of ...
UK minister says efficacy of Russian oil price cap must be kept under review
Er soll ein Foto von zerstörten Gebäuden mit der Bildunterschrift ...
"Falschinformation" oder Rache?
Russischer Blogger zu acht Jahren Haft verurteilt
#VantageOnFirstpost : Ukraine attacked the Russian Black Sea Fleet Headquarters in Crimea last Friday. Yesterday, it said that among the casualties was the Black Sea Fleet ... Show more
Soldiers from the 1st and 2nd battalions of the Azov 12th Special Forces Brigade of the ...
Azov fighters take four Russians prisoner, including a commander
A data leak from Finaport, an asset ...
Missed Red Flags
Leak Exposes Swiss Asset Management Firm’s Work for Clients Accused of Fraud and Corruption - OCCRP
Quick Glance: Revelation: Swiss Asset Management Firm Assists Clients with Fraud and Corruption Allegations
- Finaport, a Zurich-based asset manager, collaborated with politically exposed individuals and clients accused of fraud and corruption.
- A Finaport client withdrew more than $500 million from a Russian bank that later collapsed.
- According to an internal audit, the company reported only two suspicious transaction cases to the Swiss regulator between 2017 and 2019.
- The leaked documents uncover how Finaport aided Kondratenkov in opening Swiss bank accounts using a second, Chilean identity.
Russian President Vladimir Putin and his entourage face a war crimes tribunal on the stage of the National Theater in Sofia. The play, The Hague ... Show more
Recommended for you