Further to our earlier post there has been an ongoing investigation in Cyprus in relation to the alleged transfer of over $1 billion in shares by Alexey Mordashov in breach of the asset freeze imposed upon him by the European Union.
It is now being reported that the Cypriot investigation has reached its “final stages”.
The report gives no indication of the outcome of the investigation.
The allegations relate to transfers of the shares in the tourism operator Tui.
The Irish Department of Enterprise, Trade and Employment has launched an investigation into alleged breaches of both UN and EU sanctions against Libya first reported in the Irish Times.
It is alleged that former members of the Irish Defence Forces provided military training and material to forces of Khalifa Haftar’s Libyan National Army in breach of relevant arms embargoes.
It is alleged that the initial contract was entered into by an Irish company co-owned by Danny Cluskey, Darren Kelly and Nigel McCormack, and that the contract was then switched to a Dubai-based company (SOF Training).
The UK’s regulator for the gambling sector, the Gambling Commission has issued a press release recording fines of £343,035 against Hillside (UK) Gaming ENC and £239,085 against Hillside (UK Sports) ENC.
Both companies operate under the Bet365 brand.
The fines in part relate to social responsibility failings, and partly to financial crime compliance failings including “failing to undertake financial sanctions checks on new customers prior to their first deposits”.
It is being reported that the Latvian State Security Service (the VDD) has discontinued a criminal investigation started in November 2023 into the sale of a helicopter by a company indirectly co-owned by the designated person Petr Aven .
The sale had been reported to the VDD by a court-appointed bailiff on suspicion that the sale (which took place as part of an insolvency proceeding of the helicopter owning company) may be being used as a tool to circumvent the relevant asset freezes imposed by the EU.
The investigation included the questioning of a number of witnesses, and the freezing of the sale proceeds.
The VDD has concluded that the insolvency was proper, that the loan agreement which funded the helicopter purchase pre-dated the imposition of sanctions, and that the debts of the company could be discharged from the sale proceeds
It is being reported that the UK and the US are undertaking a joint investigation into $20 billion in crypto currency transactions said to be in breach of Russian sanctions.
The payments under scrutiny flowed through the Moscow-based Garantex crypto exchange, utilizing the dollar-pegged stablecoin Tether.
The original story was published by Bloomberg, behind a paywall.
It is also being reported that the National Crime Agency and HM Treasury have provided no comment in relation to the investigation.
It is being reported that the Hamburg Public Prosecutor’s Office (which does not publish press releases online) has charged five individuals on suspicion of exporting gas turbines to Crimea in breach of EU sanctions.
The gas turbines were manufactured by Siemens.
Of the five individuals, who have been under investigation since at least 2021 (see our earlier post), one remains an employee of Siemens. Four are German nationals and one is Swiss.
It is alleged that they were aware that the gas turbines being exported to Russia (then not prohibited) were destined for export and installation in Crimea in breach of the EU’s Crimea-specific sanctions.
The US Department of Justice has issued a press release confirming that the Latvian authorities have arrested a 55-year old, Oleg Chistyakov.
He has been charged with multiple counts of breaching US sanctions and other offences as part of an alleged wider conspiracy with two other also-charged individuals to supply avionics materials to Russia in breach of US sanctions.
The man was arrested near Riga on 19 March pending proceedings for extradition to the United States.
It is being reported today that a further journalist, Svetlana Burtseva, associated with the Russian media group Rossiya Segodnya has been arrested on suspicion of breaching EU sanctions.
The journalist was arrested in early March and is currently in detention.
This is a further Estonian example, see our earlier post, of a charge being brought on the basis that under EU sanctions services amount to an “economic resource” and to provide services to a designated person is to breach the asset freeze.
It has been reported today that the Polish Interior Ministry has confirmed an investigation into the alleged importation of timber from Belarus.
The allegations include that the timber was accompanied by forged documentation purporting to show a Kazakhstan origin for the timber.
Other investigations into alleged imports of timber from Russia or Belarus in breach of EU sanctions are underway in:
In not commenting on whether a specific investigation was or was not ongoing , the Dutch Foreign Ministry has confirmed publicly that there are currently 192 ongoing investigations into possible Russian sanctions breaches.
Further to our earlier post from September 2023 there were at that stage 55 ongoing investigations.
The new figures indicate that 137 new investigations have been commenced since September last year.
No further information has been released on the status or nature of those investigations.
