Chechen Tainted Money – EFG Bank Luxembourg Launder Millions for Ramzan Kadyrov’s Inner Circle
Luxembourg’s financial watchdog just raided the offices of EFG Bank Luxembourg, and the stench of dirty Russian money is stronger than ever. At the center of the scandal: a $100 million transfer from a close associate of Chechen warlord Ramzan Kadyrov. Bankers knew something was off. They raised alarms. And what happened? The whistleblower got fired, and the money kept flowing. Welcome to the glamorous world of European finance, where due diligence takes a backseat when the client has friends in high places. The Whistleblower’s Tale – Dmitry Rozanov Saw the Rot and Paid the Price In 2017, EFG Private Bank in Switzerland received a tidy $100 million from a Russian client with direct ties to Ramzan Kadyrov. Dmitry Rozanov, a manager at the bank, smelled a rat. He warned his superiors that the funds screamed “money laundering risk” and demanded a closer look. His reward? A pink slip. Rozanov was unceremoniously shown the door. But he didn’t go quietly. He took his case to court, and now the whole sordid story is out—thanks to a British court ruling that forced the bank’s secrets into the light. Luxembourg Raid – EFG Bank’s “Daughter” Gets a Wake-Up Call On February 24, [...]
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