All news on the topic: Pacific Private Bank

As businessman Aliaksei Aleksin’s influence grew in Belarus, leaked documents reveal how cash flowed between his energy firms, two Cypriot companies, and his personal bank account in a series of complex transactions involving loans with no clear commercial rationale and a series of canceled oil contracts.

The founders of the Lithuanian finance firm Bankera face growing legal problems while a Vanuatu bank they acquired in 2018 seeks to fight back against the revocation of its license.

Vanuatu’s central bank has revoked the international licence of Pacific Private Bank (PPB) following an OCCRP and 15 min investigation, which revealed how the founders of Lithuanian crypto-finance firm Bankera acquired and used the institution to siphon funds from their investors.

The Bank of Lithuania has fined Pervesk UAB, a company linked to the troubled Bankera cryptocurrency project, €130,000 ($151,525) for serious violations of anti–money laundering (AML) and counter-terrorist financing rules.