Offshore Financial Wealth

Latest News for: Offshore financial wealth

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Swiss Court Finds Gazprom Bankers Guilty in Putin Money Laundering Case

Moscow Times 30 Mar 2023

Documents leaked in the 2016 Panama Papers investigation revealed that the musician had moved some $2 billion through a web of offshore companies under his control. He later became known as the "secret caretaker" of Putin's wealth ... Treasury sanctioned Roldugin in June, arguing that he was a key figure in managing Putin's personal wealth offshore.

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Swiss court convicts four bankers over Putin cellist funds

Yahoo Daily News 30 Mar 2023

The four men were found guilty of "lack of due diligence in financial ... And in June, the US Treasury issued sanctions, saying he was a key figure in managing Putin's personal wealth offshore.Story continues. Gazprombank is the financial arm of Russian natural gas giant Gazprom.

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Singapore and Hong Kong vie to be the Caymans of Asia

Financial Times 20 Mar 2023

The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres ....

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Credit Suisse puts new dent in Swiss bank armour

Reuters 17 Mar 2023

Fifteen years after the bailout of rival UBS (UBSG.S), fresh turmoil has put another dent in the Swiss armour of financial stability ... To avert financial disaster, the SNB had to again step in, this time with a 50 billion Swiss franc credit line ... In 2021 bank customers had stashed of offshore wealth with Swiss banks.

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Western Oligarchy

Off Guardian 02 Mar 2023

A decade ago, the gap between rich and poor in Russia was the largest of any country in the world, with 35 per cent of the wealth of a country of 144 million people owned by just 110 billionaires, with much of that wealth stored in offshore financial jurisdictions.

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Targeting wealth managers would cripple Russia's oligarchs, claims new study

Phys Dot Org 28 Feb 2023

Combined with the concentration of those wealth managers in the United Kingdom and European Union, this makes Russian oligarchs' offshore wealth particularly vulnerable to sanctions that target financial experts ... "Our work follows that theme but extends it to the secret wealth networks of offshore asset management.

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Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

The Observer 30 Jan 2023

Located in Limassol, MeritServus helps its clients set up and manage offshore companies and trusts to shelter their wealth. . Cyprus, an EU member state, has long served as a major offshore financial centre for wealthy Russians who have favoured the Mediterranean island as a destination to harbour their fortunes.

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The World Economic Forum (WEF) Calls for Destruction of America’s Middle Class

GlobalResearch 22 Jan 2023

***. I have said this for a long time ... However, Freeland and the neoliberal cartel believe it is high time to dismantle America and starve out those left in the wake of offshoring and the financial swindles that have further enriched the billionaire caste, a massive transfer (theft) of wealth that is slowly destroying the middle class ... .

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Restoring HK's allure

China Daily 28 Oct 2022

... global interest rates and increased volatility in financial markets ... The priority is to consolidate Hong Kong's financial strengths, ranging from fundraising, offshore renminbi business and cross-border investments to green finance, wealth management and financial technology.

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Journalist Arshad Sharif shot dead in Kenya

Dawn 24 Oct 2022

Journalist Arshad Sharif died in Kenya reportedly after being shot, his wife Javeria Siddique confirmed early on Monday morning ... Imran ... “Unbelievable ... It also looks into offshore leaks that revealed that politicians use the British financial system and offshore jurisdictions to launder, hide and re-invest their wealth into the global financial system.

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Documentary on Sharifs’ ‘corruption’ is not produced by Netflix, confirm makers

The Wire Network 21 Oct 2022

... Sharif and his sons are accused of engaging in illegal financial operations ... Offshore leaks have revealed repeatedly that PEPs use British finance and British offshore jurisdictions to launder their wealth, hide their wealth and re-invest it into the global financial system.

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Imran Khan, other PTI leaders to feature in documentary Behind Closed Doors on the Sharif family

Dawn 18 Oct 2022

... a result present higher risks of being involved in bribery or corruption.” It also mentions the offshore leaks which have revealed that PEPs use the British financial system and offshore jurisdictions to launder, hide and re-invest their wealth into the global financial system.

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Imran Khan, PTI leaders talk about Sharif family’s ‘corruption’ in YouTube documentary

The Wire Network 18 Oct 2022

On Monday, a trailer of a documentary, Behind Closed Doors, about corruption in different countries made rounds on Twitter ... “The truth is out there ... Offshore leaks have revealed repeatedly that PEPs use British finance and British offshore jurisdictions to launder their wealth, hide their wealth and re-invest it into the global financial system ... ....

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Stanbic Bank treats high-value clients to a champagne and cognac experience

B & FT Online 07 Oct 2022

It is important that we reflect on the financial times we are in ... Guests were also provided financial education about mortgage financing (both local and international), offshore banking, wealth management, and Affluent and other Consumer and High Net Worth (CHNW) products.

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Offshore investments: golden guidelines to help diversify your portfolio

Business Day 04 Oct 2022

Offshore investing is no longer a luxury reserved for a few. It has become a vital financial planning requirement for all investors seeking to protect and grow their wealth ... The question of how much to invest offshore has always been difficult to answer, but exchange control also limited the amounts.