Money Laundering Bulletin

By Keith Nuthall

The European Union (EU) has ramped up sanctions on Belarus, as Russia's ally has increased its role in the invasion of Ukraine, hosting members of the Wagner Group, the Russian mercenary company, which recently rebelled after tension between its leader Yevgeny Prigozhin and the military high command came to a head.

The European Union (EU) has ramped up sanctions on Belarus, as Russia's ally has increased its role in the invasion of Ukraine, hosting members of the Wagner Group, the Russian mercenary company, which recently rebelled after tension between its leader Yevgeny Prigozhin and the military high command came to a head.

Bastion Capital London Limited (in liquidation), a securities broker, was ordered, on 12 July 2023, to pay a UK£2,452,700 penalty by the UK Financial Conduct Authority over serious flaws in its financial crime controls which allowed a set of clients to conduct trades enabling withholding tax reclaims in Denmark and Belgium to which they were not entitled.

The European Union (EU) has ramped up sanctions on Belarus, as Russia's ally has increased its role in the invasion of Ukraine, hosting members of the Wagner Group, the Russian mercenary company, which recently rebelled after tension between its leader Yevgeny Prigozhin and the military high command came to a head.