Russian-linked funding

Primary Risks

Money laundering, foreign political interference, and sanctions evasion

Regulatory Oversight

FinCEN (USA), FINTRAC (Canada), and the Electoral Commission (UK)

Common Financial Vehicles

Shell companies, front companies, limited partnerships (LPs), and limited liability partnerships (LLPs)

Dubai Real Estate Investment (2022)

$6.3 billion USD from Russian non-resident buyers

Suspicious Activity Volume (FinCEN)

Tens of billions of dollars identified across 454 detailed reports

2011-06-01

2022-03-01

2022-10-22

2023-01-01

2023-05-01

Russian oligarch linked cash donated to MPs, those oligarchs only being rich with the approval of President Putin, represents an existential threat to British democracy. The Electoral Commission has not prevented the influx of vast sums into British politics, and it is vital that we question their role in this matter. We must (temporarily) strip the Electoral Commission of such oversight, and suspend all MP's who have received such funding pending individual public enquiries into their funding. [...] You could have a petition calling for a different body to be given responsibility for setting the rules governing political donations, but it would be for this new body to decide what action to take on this issue - a petition cannot prejudge the result of any inquiry or investigation. We have published the following petition, which you might like to sign: Hold a public inquiry into Russian interference in UK politics: We only reject petitions that don’t meet the petition standards. [...] You could have a petition calling for a different body to be given responsibility for setting the rules governing political donations, but it would be for this new body to decide what action to take on this issue - a petition cannot prejudge the result of any inquiry or investigation. We have published the following petition, which you might like to sign: Hold a public inquiry into Russian interference in UK politics:

structures in various jurisdictions to mask their involvement in the international financial system. Such structures include shell and front companies designed to obscure ownership, sources of funds, and the countries involved in the financial transactions. Russia-linked money laundering is also known to use trade-based money laundering and other techniques to move, hide and use assets around the world. Individuals seeking to launder the proceeds of crime and corruption, particularly those [...] associates. o Particular attention should be paid to jurisdictions previously associated with Russian financial flows that are identified as having a notable recent increase in new company formations. o Facilitators of Russia-linked illicit financial flows have been known to make extensive use of opaque corporate structures such as limited partnerships (LPs), limited liability partnerships (LLPs) and offshore companies such as international business corporations (IBCs).  A pattern of shell [...] Reference number: SIRA-2023-009 May 2023 1 Special Bulletin on Russia-linked money laundering activities Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) produces strategic intelligence on the nature and scope of money laundering and terrorist activity financing. This Special Bulletin provides background and updated information relevant to Russia-linked money laundering. It aims to inform

## External links [edit] Wikimedia Commons has media related to Russian Direct Investment Fund. Russia portal Companies portal Russian Direct Investment Fund (RDIF) (in Russian and English) | | | --- | | Authority control databases | | Retrieved from "" Categories: [...] From Wikipedia, the free encyclopedia | | | This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Find sources: "Russian Direct Investment Fund" – news · newspapers · books · scholar · JSTOR (March 2022) (Learn how and when to remove this message) | Fund established by the Russian government in June 2011 Russian Direct Investment Fund [...] 79. ^ "Russian and Abu Dhabi sovereign funds inject $7.5 million into Russian online freight service". East-West Digital News. 2018-10-03. 80. ^ "Hyperloop One gets an investment from Russia's sovereign fund". Venture Beat. 2016-06-27. 81. ^ "Russia Raises $2Bln for Investment in Artificial Intelligence". The Moscow Times. 2019-05-31.

Finally, in the Report FinCEN reminds financial institutions to review formal guidance on reporting suspicious activity related to Russia-linked actors and highlighted the alerts again which include specific red flags, such as If you would like to remain updated on these issues, please click here to subscribe to Money Laundering Watch. Please click here to find out about Ballard Spahr’s Anti-Money Laundering Team. ##### Related Posts [...] notes that many of the activities described in the BSA reports, such as having and transferring to a U.S.-based account, owning a U.S. company, and owning U.S. property, are not inherently illegal or suspicious. What seems to have caused the financial institution to file the BSA report is that, in most cases, the financial institution could not determine the source of funds coming from Russia and had concerns the funds could be linked to corruption. [...] To gather the data for the Report, FinCEN initially reviewed 7,000 reports that had a nexus to Russia and were filed between March 1 and October 22, 2002. FinCEN then focused on 454 of those reports for a detailed analysis of the parties involved and transaction type. According to FinCEN, the 454 reports detailed tens of billions of dollars of suspicious activity, and 284 of the reports noted FinCEN’s three Russia-related alerts, mentioned above.