All news on the topic: Shell companies

More than 5 million company directors have yet to sign up for new anti-fraud checks despite a looming deadline tomorrow.

The London art gallery Hauser & Wirth, where Princess Eugenie of York — daughter of Prince Andrew and granddaughter of the late Queen Elizabeth II — serves as a director, has been accused of violating UK sanctions against Russia.

On 4 November 2025, an international coordinated action day targeted three major fraud and money laundering networks as part of Operation “Chargeback.”

Professional scammers call upon a global network of service providers to execute their work in a sophisticated, streamlined fashion. Here are some of their names.

A company owned by the alleged mastermind behind a significant tax fraud in Russia invested millions in two luxury hotel resorts in Dubai, while the whistleblower who revealed the tax scam died in a Moscow prison following his arrest and detention.

Investigators claim that EU funds were jeopardized by a sophisticated VAT evasion scheme linked to Chinese-operated companies in Italy.

The two suspects channeled money from illegal gambling operations through a complex network of shell companies and thousands of bank accounts.

Russian businessman Denis Dubnikov, convicted in the USA in 2023 for participating in money laundering, was found to be connected with multi-millionaire investor Valery Zolotukhin and the Federal Security Service.

EPPO targets a criminal network accused of using shell companies and fake invoices to dodge VAT and launder millions through cross-border fuel trade.

Italian authorities uncover a multi-million fraud scheme involving shell companies, arrest 13 and seize 100 million euros in assets.

Leaked documents reveal how scam call centers drew on a secret industry of service providers that used shell companies, proxy account holders, and sham paperwork to receive funds from their victims through accounts at major commercial banks, or turn it into cryptocurrency.

How the coal dust of Kiselevsk transforms into millions of dollars in London with the help of Evgeny Renge

Two skilled fraudsters and embezzlers, Oleksii Abasov and his brother Vitalii Abasov, continue to profit from the impoverished people of Ukraine.