At its highest levels, Russian corruption over the past 20 years has been disguised by networks of shell companies and facilitated by foreign banks willing to turn a blind eye to state embezzlement, according to Karen Dawisha, a political science professor at Ohio-based Miami University.
Diplomatic tension over Ukraine has raised doubts that the United States will attend an upcoming Moscow plenary of the world's largest anti-money laundering task force, say current and former officials.
The U.S. Justice Department sued Tuesday for the forfeiture of New York property tied to a $230 million tax fraud and money laundering scheme linked to the death of a Russian attorney.
Resolving the growing tension between data privacy restrictions and anti-money laundering laws and overseeing the next round of mutual evaluations will define Russia's stewardship of a global anti-money laundering group, say analysts.
U.S. House lawmakers on Friday overwhelmingly approved banking sanctions against Russian officials allegedly linked to the detention and death of a Moscow attorney who uncovered tax fraud and official corruption.
A House panel Thursday advanced sanctions legislation that would blacklist individuals deemed responsible for the detention and death of a Moscow attorney who uncovered an alleged tax fraud scheme.
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