Seychelles secrets: Island tourist paradise home to Russia-linked firm exploiting UK laws

NEWS – “without comment”

Posted by: Ian (D. Withers)

www.WAPI.org

Seychelles secrets: Island tourist paradise home to Russia-linked firm exploiting UK laws

Investigation reveals how islanders are hired as fronts for hundreds of shady UK firms

Author:            Simon Bowers

Date:               02 Nov 2023

Investigation:  Agents of Secrecy

Partner:           BBC

The main findings:

    Russian businesswoman recruited a team of Seychelles citizens to help front more than 900 shell firms in Britain

    UK firms stuffed with Seychelles fronts linked to catalogue of controversies, from suspect oil tankers to bogus heart pills

    Leaked documents suggest business figures from former Soviet Union secretly control UK firms

    Britain’s promised crackdown on illicit Russian finance backfires as new legislation fails to close loopholes

    Investigation adds pressure on Seychelles to clean up offshore industry

Interesting Article  – recommended read

From Finance Uncovered…
Seychelles secrets: Island tourist paradise home to Russia-linked firm exploiting UK laws
https://financeuncovered.org/stories/seychelles-secrets-island-tourist-paradise-alpha-consulting-valkovskaya-uk-economic-crime-act

 

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