Petr Aven<\/h5>

Aven's wealth management through Cyprus-based trusts and firms, including ownership of the UK's Ingliston House, faced intense scrutiny. The National Crime Agency probed financial transactions coinciding with EU sanctions, sparking legal action.

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Alexey Mordashov<\/h5>

The steel magnate maintained 64 shell companies across Cyprus, the British Virgin Islands, and the Isle of Man, managed by PwC Cyprus and Cypcodirect. Instances of evading sanctions and payments to a German journalist emerged.

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Rinat Akhmetov<\/h5>

Involved in about 60 offshore companies, mostly in Cyprus, Akhmetov showcased strategic investments and lavish property acquisitions, including a London penthouse. Documents underscored his role in Russia\u2019s coal industry post-2014 Crimea annexation.

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Alexander Abramov and Alexander Frolov<\/h5>

Leaders at Evraz PLC, they utilized PwC Cyprus to oversee 55 Cypriot companies and trusts, manoeuvring diverse global investments amidst concerns of impending UK sanctions.

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The Cyprus Confidential investigation unearthed a complex web of offshore entities and covert transactions linking powerful Russian figures to the Cypriot financial sector. The leaked documents underscored Cyprus's pivotal role as a gateway for managing substantial assets and facilitating extensive financial operations for Russia's elite. This revelation emphasized the dire need for increased transparency, regulatory oversight, and international collaboration to curb financial opacity and prevent misuse, recognizing the potential impact on global financial stability and geopolitical dynamics. It signalled an urgent call to address networks that could significantly influence global financial systems and diplomatic relationships.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#CyprusConfidential<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#TerroristFinancing<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    The ICIJ conducted an investigation on the firms in Cyprus that revealed various ties with Russian oligarchs.<\/p>\n","protected":false},"author":1,"featured_media":11650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66,63,64],"tags":[],"class_list":["post-11644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-crime","category-fraud","category-risks"],"_links":{"self":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/11644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/comments?post=11644"}],"version-history":[{"count":1,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/11644\/revisions"}],"predecessor-version":[{"id":19942,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/11644\/revisions\/19942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/media\/11650"}],"wp:attachment":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/media?parent=11644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/categories?post=11644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/tags?post=11644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}