The British government’s ability to investigate the true ownership of properties has come into question after researchers found £700m of luxury homes previously linked to sanctioned oligarchs are not flagged for asset freezes. The campaign group Transparency International UK has identified 33 houses, flats and office blocks in London or Surrey that are not marked […]

Monaco told the Aspen Security Forum that the jeweled egg, which, if authentic, would make it one of the few remaining in the world and worth millions of dollars, was one of the more “interesting” discoveries federal law enforcement officials have made aboard the seized yachts. The eggs, now priceless collectibles, were created by the […]

July 19 (Reuters) – The U.S. Department of Justice is seeking broader authority from Congress to seize Russian oligarchs’ assets as a means to pressure Moscow over its invasion of Ukraine, a top prosecutor said on Tuesday. In testimony to the U.S. Senate Committee on the Judiciary, Andrew Adams, who leads the department’s KleptoCapture task […]

Placeholder while article actions load The United States secured a victory in its campaign to punish Russian billionaires for the war in Ukraine when Fiji’s Supreme Court ruled Tuesday that a $300 million yacht owned by a pro-Kremlin oligarch could be seized by American authorities.

NEW YORK, June 6 (Reuters) – A U.S. court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich under U.S. measures imposed after Russia’s invasion of Ukraine, court records showed. But the U.S. government’s likelihood of gaining control of the aircraft worth nearly $400 million was uncertain.

FILE PHOTO – U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about legislative efforts to lower gas prices, on Capitol Hill in Washington, U.S., April 28, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register May 1 (Reuters) – U.S. Senate Democratic leader Chuck Schumer said on Sunday […]

The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 30 (Reuters) – A group of people and entities have filed a class action lawsuit against Credit Suisse

A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, on Monday. U.S. federal agents and Spain’s Civil Guard are searching the yacht owned by a Russian oligarch. Francisco Ubilla/AP hide caption toggle caption Francisco Ubilla/AP A Civil Guard stands by the yacht called Tango in Palma de Mallorca, Spain, on […]

NEW YORK, April 1 (Reuters) – U.S. prosecutors have found evidence that Russian oligarchs are trying to evade sanctions put in place to pressure Moscow to stop its invasion of Ukraine, the head of a new Justice Department task force said on Friday. Andrew Adams, a veteran prosecutor tapped to lead the “KleptoCapture” task force […]

The Biden administration’s efforts to secure emergency funding for the Treasury Department’s sanctions efforts were met in full — except for one. Republicans balked at the request to infuse the IRS investigations unit (IRS-CI) with $30 million, according to people involved in the negotiations. The objection was tied to concern over the agency, which sits […]

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