Russian oligarch assets exposed online in an online database compiled by the ICIJ:
The International Consortium of Investigative Journalists (ICIJ) released the company names and other data revealing how over 800 Russian nationals created offshore havens for their assets in offshore companies, trusts, and foundations in over 200 different countries.
Russian Oligarch Assets Exposed
This leaked information came from the files of Alpha Consulting Ltd, a company in the Seychelles Islands that primarily advises Russian clients that want to set up offshore entities to protect their assets.
Online Database of Russian Oligarch Offshore Entities
This detailed leak of offshore companies, trusts, and foundations is publicly available in the ICIJ Offshore Leaks Database, reveals some of the offshore hiding places that Putin and his inner circle of oligarchs and allies keep their money and other assets.
Russian Oligarch Ill gotten gains revealed
Creation of offshore companies, foundations, and trusts is not illegal, but if the assets that they are created with are ill-gotten gains or if these offshore structures were created to conceal assets that were acquired improperly, or while the owner has some financial liability, that is considered fraudulent concealment.
Financial Sanctions Against Oligarchs may Attack These Assets
If the offshore structures were created with legally acquired assets before liability was created, disclosure of those offshore structures will still be a major embarrassment to their owners, and the worldwide financial sanctions programs may still target those assets, though the legal basis for doing so may be shaky.
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