Hiding Russian Wealth Abroad

How a network of enablers have helped Russia’s oligarchs hide their wealth abroad.

According to the ICIJ, Elites close to Vladimir Putin have funneled billions through tax havens to evade scrutiny and oversight. Lawyers, proxies and bankers across the world made it possible.  The article, which can be read in full here asks ‘So who are the enablers of the offshore system?’ and offers the response ‘They range from global law firms, like Baker McKenzie, an architect of the modern tax avoidance system, to tiny one-person operators working from Bermuda.’  However, the article names a Bermuda-based company substantially more sizeable than a ‘one-person operator.

As for the UK, a video titled ‘Putin’s oligarchs & the London Laundromat’ can be watched online here.