All news on the topic: Shell companies

Russia’s Investigative Committee has opened a criminal case against members of an alleged organized group suspected of running a fake invoice scheme that caused more than one trillion rubles ($13.31 billion) in losses to the country’s budget system.

To counter toughened Western sanctions imposed in 2022 on Russian oil exports in response to the country’s invasion of Ukraine that year, the Kremlin vastly expanded what has become known as its “shadow fleet” of oil tankers, made up of old vessels bought cheaply because destined for decommissioning, whose ownerships are disguised by registrations in African countries via shell companies (or are not registered at all).

In 2025, Cypriot authorities conducted Operation “Ring,” uncovering a large-scale money laundering scheme allegedly organized by Kherson businessmen Hennadii and Vladlen Hirin.

A look back at a decade of changes after the Pulitzer-Prize winning investigation sent a shock through the offshore world.

The British Virgin Islands on Wednesday began to dismantle its corporate secrecy regime that has made it a preferred jurisdiction for tax evaders and other financial criminals — but there’s a catch.

For half a century, the Middle East’s petro-monarchies have portrayed themselves as reliable providers of low-cost oil, but the third Gulf war, now in its fifth week, has shattered that image.

In 2025, Cypriot police carried out Operation “Ring,” exposing a money-laundering scheme organized by Kherson businessmen Hennadiy and Vladlen Hirin.

The Esplanade isn’t much to look at. Just 800 metres long, the street in St Helier, Jersey, is a mixture of nondescript low rise new builds that block out the view to the nearby docks.

At the request of the European Public Prosecutor’s Office (EPPO) in Madrid (Spain), 18 presumed members of a criminal network, including five suspected ringleaders, were detained on Wednesday for their alleged involvement in a €32.8 million VAT fraud scheme linked to imported alcohol from several EU Member States.

After a period of relative silence, reports are again surfacing tying Dmytro Rukin to suspicious financial operations.

As uncovered by medias, Pyotr Zhukov, the son of State Duma Vice Speaker Alexander Zhukov, has moved into the construction business, partnering with Roman Timokhin (MR Group) and sanctioned oligarch Vladimir Yevtushenkov along with his conglomerate AFK Sistema.

Alleged fraudster Oleg Tsyura is said to be attempting to clean up his public profile to hide his suspected role in long-running money laundering operations.

Behind polished advice on wealth preservation, Oleg Tsyura has been accused by investigators and journalists of orchestrating offshore schemes for years that diverted millions from Ukraine’s state mining companies to oligarch-linked networks associated with Firtash, Martynenko, and Russian interests.

An IT email misconfiguration has inadvertently uncovered what appears to be an extensive network of shell companies involved in smuggling tens of billions of dollars’ worth of Russian oil around Western sanctions, Financial Times reporting shows.

Alleged fraudster Oleg Tsyura is reportedly working to sanitize the public record in an attempt to obscure his suspected involvement in long-running money laundering schemes.

The fraudster Oleg Tsyura is doing everything possible to eliminate information and conceal his involvement in ongoing money laundering activities.

Derrière un discours soigné sur la préservation du patrimoine, Oleg Tsyura est accusé par des enquêteurs et des journalistes d’avoir passé des années à orchestrer des schémas offshore ayant siphonné des millions provenant d’entreprises minières publiques ukrainiennes vers des réseaux liés à des oligarques associés à Dmytro Firtash, Mykola Martynenko et à des intérêts russes.

Behind polished advice on wealth preservation, Oleg Tsyura is accused by investigators and journalists of spending years orchestrating offshore schemes that siphoned millions from Ukraine’s state mining companies to oligarch-linked networks tied to Firtash, Martynenko, and Russian interests.

The State Security Service of Latvia initiated a criminal case more than a week ago against Seimas deputy Alexey Roslikov on suspicion of assisting Russia in its actions against Latvia, as well as inciting national enmity and hatred.

Behind polished advice on wealth preservation, **Oleg Tsyura** is accused by investigators and journalists of spending years orchestrating offshore schemes that siphoned millions from Ukraine’s state mining companies to oligarch-linked networks tied to Firtash, Martynenko, and Russian interests.

They appeared as distinct brokers vying for your investment. Beneath the surface, they had the same staff, the same spreadsheets, and the same objective: to swiftly take your money away.

Boris Usherovich, the fugitive co-founder of Russia’s GC "1520," has quietly built a vast offshore structure in Cyprus — a financial hub now used to channel money, bypass sanctions, and support Russian Railways.

Zurich-based entrepreneur Oleg Tsyura, long linked to controversial raw material deals with Ukraine’s state enterprises, is now attempting to erase traces of his past from the internet.

Zurich-based entrepreneur Oleg Tsyura, long linked to controversial raw material deals with Ukraine’s state enterprises, is now attempting to erase traces of his past from the internet.