Russian Invasion of Ukraine: How a network of enablers have helped Russia’s oligarchs hide their wealth abroad

VSo who are the enablers of the offshore system? They range from global law firms, like Baker McKenzie, an architect of the modern tax avoidance system, to tiny one-person operators working from Bermuda.

Here is a selection of facilitators, offshore agents and banks that ICIJ has identified as aiding Russia’s elite move and hide money. Facilitators

Firms and individuals who have set up or used opaque financial structures for Russian elites

Alastair Tulloch: Tulloch & Co., run by the British attorney Alastair Tulloch, is situated in a posh district in London, one of the most well-known destinations for elite Russian wealth. ICIJ’s Pandora Papers investigation reported that Tulloch’s firm structured networks of companies for former Russian Deputy Finance Minister Andrey Vavilov; Alexander Mamut, a billionaire oligarch and political insider; and Vitaly Zhogin, a banker wanted in Russia for alleged fraud. Tulloch used offshore services provider Trident Trust to arrange for their assets to be transferred to shell companies registered in the British Virgin Islands, Cyprus and the Bahamas. Tulloch did not respond to requests for comment.

Read more at: How a network of enablers have helped Russia’s oligarchs hide their wealth abroad - ICIJ