Cyprus Offshore – Island Crisis http://islandcrisis.net/ Sat, 14 May 2022 23:08:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://islandcrisis.net/wp-content/uploads/2021/04/default1-150x150.png Cyprus Offshore – Island Crisis http://islandcrisis.net/ 32 32 Survivor https://islandcrisis.net/survivor/ Sat, 14 May 2022 23:08:41 +0000 https://islandcrisis.net/survivor/ So far, at least, “Nickel King” Vladimir Potanin is Russia’s ultimate survivor.Unlike many notable Russian oligarchs, he was not sanctioned by either the United States or the European Union. And as Western companies left Russia because of these sanctions, imposed in retaliation for Moscow’s invasion of Ukraine, it recovered assets to develop its own banking […]]]>

So far, at least, “Nickel King” Vladimir Potanin is Russia’s ultimate survivor.
Unlike many notable Russian oligarchs, he was not sanctioned by either the United States or the European Union.

And as Western companies left Russia because of these sanctions, imposed in retaliation for Moscow’s invasion of Ukraine, it recovered assets to develop its own banking business.
On Monday, Potanin’s Interros holding company said it bought United Card Services, the Russian unit of U.S.-listed Global Payments, for an undisclosed amount.

Last week, he bought 35% of TCS Group Holding, owner of Russia’s first online bank, from its founder Oleg Tinkov, who had bitterly criticized the war after TCS’ share price plummeted.
Three weeks earlier, the boss of the mining giant Nornickel had bought Rosbank from Société Générale, to which he had sold it more than a decade earlier.

This deal could further Potanin’s fintech ambitions. Rosbank is the banking partner of Atomyze, a blockchain platform in which Interros and Nornickel’s Global Palladium Fund are investors.
Global Palladium Fund is one of the first commodities companies to get into digital trading, and Atomyze is the first Russian company authorized to trade digital assets by the government, which is trying to promote a new sector despite objections from the central bank.

Potanin is one of the richest people in Russia, although his net worth largely depends on the value of his 36% stake in Nornickel, the world’s largest producer of palladium and refined nickel – currently around 17 billion ($23.5 billion).

Potanin’s position will also have been strengthened by his decision last December to move his offshore company Interros Capital from Cyprus to the economic zone of Russky Island in Russia’s Far East.
Western governments have not explained why Nornickel was left out, but the explanation may lie in its importance to a global economy under acute stress from soaring energy costs, rising rates of interest and post-pandemic supply chain issues, including metals for electric vehicle production.

Previously, Potanin had defended foreign investment in Russia, urging Russian authorities to take a cautious approach to such moves. And if the expropriation of foreign property or money is carried out, it will take Russia back to 1917, when the Soviet revolution took place. What shows – Potanin is one of the remaining open businessmen in Russia, advocating the settlement of contentious issues rather than confrontation.

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Croatia and Cyprus can contribute to Europe’s energy independence https://islandcrisis.net/croatia-and-cyprus-can-contribute-to-europes-energy-independence/ Wed, 11 May 2022 17:26:33 +0000 https://islandcrisis.net/croatia-and-cyprus-can-contribute-to-europes-energy-independence/ ZAGREB, 11 May 2022 – Cyprus can help the European Union achieve energy independence, President Nicos Anastasiades said on Wednesday during an official visit by Croatian Prime Minister Andrej Plenković, who stressed that the LNG terminal on the island of Krk would play an important role in this regard. The two officials discussed the energy […]]]>

ZAGREB, 11 May 2022 – Cyprus can help the European Union achieve energy independence, President Nicos Anastasiades said on Wednesday during an official visit by Croatian Prime Minister Andrej Plenković, who stressed that the LNG terminal on the island of Krk would play an important role in this regard.

The two officials discussed the energy crisis following the Russian invasion of Ukraine.

President Anastasiades also condemned Turkey’s decision not to join European sanctions against Russia.

Anastasiades spoke about energy interconnection projects in the Eastern Mediterranean, between North Africa and Europe, and the EastMed gas pipeline which should link Cyprus to Europe via Greece.

The island state has discovered large offshore gas deposits in recent years, and the proposed project is still being analyzed to test its economic feasibility, Anastasiades said.

This can contribute to Europe’s energy diversification, he told a press conference.

Addressing the press conference in Nicosia, Plenković stressed that the LNG terminal on the island of Krk will play an important role in achieving Europe’s energy security. We are currently thinking about increasing its capacity and not only for Croatia but for the needs of the countries of Central Europe, he said.

Croatia can become an energy hub in the northern Adriatic for gas and oil, Plenković said.

He stressed that Europe must find a new long-term sustainable alternative to Russian energy products at an affordable price.

Bilateral cooperation

The two officials underlined that this was the first visit of a Croatian Prime Minister to Cyprus and that it should mark a turning point in the cooperation between the two countries so that their political agreement on European issues can be achieved. extend to economic subjects.

The two countries are expected to finalize an agreement to avoid double taxation in November and they have also signed a memorandum on strengthening economic cooperation, which should be accompanied by a memorandum on digital transformation and maritime traffic.

We are two Mediterranean countries close to each other, we share the Mediterranean and I think there is a lot of room to expand cooperation, Plenković said, highlighting the petrochemical and electric power industries, the IT sector, the pharmaceutical industry and financial and digital cooperation.

Cyprus and Croatia have been connected by air for two years, which has led to an increase in the number of tourists.

Croatia’s political objectives

Plenković said he and “his good friend” Anastasiades also discussed Croatia’s ambitions for deeper integration into the EU which is expected to take place this year – joining the Schengen area without a passport, on which a final formal decision is expected in June or July, and eurozone membership, on which a decision is expected in July.

We will be ready for the changeover on January 1, Plenković said.

The two officials also discussed the situation in South Eastern Europe, with a focus on Bosnia and Herzegovina and the need to guarantee the political rights of Croats there, with Zagreb enjoying the full support of Nicosia in this regard. .

Plenković’s two-day visit to Cyprus, during which he laid a wreath at the monument of Makarios III, Archbishop of Cyprus who was the country’s first president and is considered the father of the nation, ended with a meeting with the speaker of the country’s parliament. .

To learn more, see our policy section.

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Russia Admits It’s Facing Economic Collapse Because Of Putin’s War https://islandcrisis.net/russia-admits-its-facing-economic-collapse-because-of-putins-war/ Mon, 09 May 2022 17:14:05 +0000 https://islandcrisis.net/russia-admits-its-facing-economic-collapse-because-of-putins-war/ ggood morning. A senior EU official has proposed that the bloc seize $300 billion in frozen Russian foreign exchange reserves to help fund Ukraine’s reconstruction. The West has taken control of about half of Putin’s $600 billion in gold and currency reserves, and authorities are now considering how these could be used to support Europe’s […]]]>

ggood morning.

A senior EU official has proposed that the bloc seize $300 billion in frozen Russian foreign exchange reserves to help fund Ukraine’s reconstruction.

The West has taken control of about half of Putin’s $600 billion in gold and currency reserves, and authorities are now considering how these could be used to support Europe’s recovery. Ukraine.

Seizing foreign exchange reserves would be a dramatic move, but EU foreign policy chief Josep Borrell pointed to the US decision to set aside $3.5 billion of central bank assets to pay for humanitarian aid and compensation for the victims of the September 11 attacks. .

He told the Financial Times: “I would be very supportive because it’s full of logic. We have the money in our pockets, and someone needs to explain to me why it’s good for Afghan money and not good. for Russian money.

5 things to start your day

1) Bond jerks hit Italy as Eurozone risk returns with a vengeance Italian political risk is back on the table, just as the ECB’s debt shield disappears

2) Bank of England staff in the office only one day a week Staff spend majority of week working from home despite ministers urging workers to return to office

3) Overhaul ‘outdated’ laws and allow insects to be fed to pigs and chickens, says Tesco boss More: From insect feed to vertical farms – we need a paperwork bonfire to deliver the food of the future

4) Morrisons blocks Issa brothers’ bid for McColl’s The supermarket has launched a last-ditch attempt to wrest the convenience store chain from the clutches of Asda owners

5) ‘Save less and borrow more’ to avoid recession, economists say Soaring inflation and growing uncertainty mean experts have downgraded their household consumption forecasts

What happened overnight

Shares in Tokyo opened lower on Monday, following the United States’ slide on investor concerns over rising interest rates, with the focus on Japanese corporate earnings.

The benchmark Nikkei 225 fell 1.12pc, or 302.68 points, to 26,700.88 in early trading, while the broader Topix index fell 0.79pc, or 15, 12 points, at 1,900.79.

While mainland China shares fell at the open on global inflation concerns and the impact of Beijing’s Covid lockdown policies.

The Shanghai Composite Index fell 0.16pc, or 4.89 points, to 2,996.67 at the start of trade, while the Shenzhen Composite Index on China’s second-largest stock exchange fell 0.04pc. , or 0.68 points, to 1,858.71.

coming today

Business : HG Capital Trust, Victrex (intermediate results)

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Nigeria and Angola responsible for nearly half of OPEC+ oil supply shortfall https://islandcrisis.net/nigeria-and-angola-responsible-for-nearly-half-of-opec-oil-supply-shortfall/ Sun, 08 May 2022 04:57:27 +0000 https://islandcrisis.net/nigeria-and-angola-responsible-for-nearly-half-of-opec-oil-supply-shortfall/ What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are tiny files that are downloaded to your device, to improve your experience. This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We will also share […]]]>

What are cookies

As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are tiny files that are downloaded to your device, to improve your experience.

This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We will also share how you can prevent these cookies from being stored, however this may downgrade or ‘break’ certain elements of the site’s functionality.

How we use cookies

We use cookies for a variety of reasons detailed below. Unfortunately, in most cases there are no industry standard options for disabling cookies without completely disabling the features and functionality they add to the site. It is recommended that you leave all cookies on if you are unsure whether or not you need them, in case they are used to provide a service you use.

The types of cookies used on this Site can be classified into one of the following three categories:

  1. Strictly Necessary Cookies: These are essential to enable you to use certain features of the website, such as submitting forms on the website.
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In some special cases, we also use cookies provided by trusted third parties. Our Site uses [Google Analytics] which is one of the most widespread and trusted analytics solution on the web for helping us to understand how you use the site and how we can improve your experience. These cookies may track things such as how long you spend on the site and the pages you visit so that we can continue to produce engaging content. For more information about Google Analytics cookies, see the official Google Analytics page.

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I hope the information above has clarified things for you. As mentioned previously, if you are unsure whether or not you want to allow cookies, it is generally safest to leave cookies enabled in case they interact with one of the features you use on our site. However, if you are still looking for more information, please do not hesitate to contact us by e-mail at [email protected]

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Forex Brokers: Top Five FCA Regulated (UK Licensed) Brokers https://islandcrisis.net/forex-brokers-top-five-fca-regulated-uk-licensed-brokers/ Wed, 04 May 2022 22:20:01 +0000 https://islandcrisis.net/forex-brokers-top-five-fca-regulated-uk-licensed-brokers/ Forex regulation is essential to protect investors The regulation of financial services firms and the stability of UK financial markets are both tasks entrusted to the Financial Conduct Authority (FCA). The FCA works with both retail and wholesale service providers to ensure appropriate behavior and to protect consumers from fraud. Members of the financial services […]]]>
Forex regulation is essential to protect investors

The regulation of financial services firms and the stability of UK financial markets are both tasks entrusted to the Financial Conduct Authority (FCA).

The FCA works with both retail and wholesale service providers to ensure appropriate behavior and to protect consumers from fraud.

Members of the financial services industry pay fees to cover the regulatory costs of companies that provide services to customers.

Register to our daily newsletter

Regulated Forex Brokers Offer Excellent Trading Conditions

FXTM is a licensed and well-regulated broker internationally, including the UK, South Africa, Belize, Cyprus and Mauritius, to name a few. They also have many accolades to their name.

There is a wide selection of financial instruments and derivatives to choose from at FXTM, including currency trading.

Regulation is important, especially when it comes to the world of finance

Advantages: Superb customer service; High maximum leverage; Excellent teaching tools.

The inconvenients: Inactivity and withdrawal fees; Limited product portfolio.

Features: Regulatory, CySEC, FCA, FSCA; Minimum deposit from $100; Average spread from 0.9 pips; No commissions; $3 deposit/withdrawal fee; Maximum leverage 1:500 on average; $300 trading bonus; 24/5 customer support.

More than 1000 financial instruments are offered by XM Global which was established in 2017 and covers Forex trading, CFDs on stocks and commodities and CFDs on stock indices.

MetaTrader 4 and MetaTrader 5, the two most widely used trading platforms, are available on XM live and demo accounts.

Advantages: Low minimum deposit; Complete educational offer; Simplified account opening process.

The inconvenients: Inactivity fee charged after 90 days on live accounts; Limited product portfolio.

Features: Regulatory, IFSC, ASIC, CySEC, FCA and DFSA; Minimum deposit from $5; Average spread from 0.1 pips; Commissions of

$3.5 commission per $100,000 traded; No deposit/withdrawal fees; Maximum leverage 1:30; $30 trading bonus; 24/5 customer support.

In 2006, AvaTrade was created. The broker is based in Dublin but they have offices all over the world.

At AvaTrade, you can trade over 250 different financial instruments, including over 60 different currency pairs, major stock indices, cryptocurrencies, commodities, bonds, individual stocks, and exchange-traded funds (ETFs). ).

Advantages: Wide range of negotiable instruments; MetaTrader 4 and 5 available; Excellent teaching resources.

The inconvenients: High EURUSD and inactivity fee.

Features: Regulatory, Central Bank of Ireland, MiFID, ASiC, BVI; Minimum deposit from $100; Average spread from 0.9 pips; No commission on Forex; No deposit/withdrawal fees; Maximum leverage 1:400; First deposit bonus; 24/5 customer support – multilingual.

Forex, cryptocurrency, stocks and indices are just some of the more than 120 financial instruments that can be traded on the Exness Group platform.

Exness Group’s monthly trading turnover is over $180 billion, with 15,000 new accounts registered every month and tens of thousands of traders actively trading with the broker.

Advantages: Well regulated; Tight spreads; Over 130 currency pairs.

Features: Regulatory, CySEC, FCA; Minimum deposit from $1; Average spread from 1.3 pips; Commissions from 3 USD and 10 USD for 1 lot for CFDs; No deposit/withdrawal fees; Maximum leverage 1:2000; +10% standard bonus program; 24/5 customer support – multilingual.

HotForex is headquartered in Cyprus and has offices around the world, including Dubai, South Africa, and St. Vincent and the Grenadines, an offshore jurisdiction.

Across six main trading accounts, HotForex offers traders access to over 150 trading instruments across the following markets: currency pairs, commodities, indices, stocks, bonds and cryptocurrency CFDs.

Advantages: No deposit or withdrawal fees; Competitive spreads.

The inconvenients: High commission charges on the Zero account.

Features: Regulatory, CySEC, DFSA, FCA, FSA, FSCA; Minimum deposit from $5; Average spread from 0.0 pips; Commissions from $0.03 per $1,000 lot; No deposit/withdrawal fees; Maximum leverage 1:1000; 100% supercharged bonus; 24/5 customer support.

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CLO Solution Bermuda – Corporate and Company Law https://islandcrisis.net/clo-solution-bermuda-corporate-and-company-law/ Tue, 03 May 2022 09:37:52 +0000 https://islandcrisis.net/clo-solution-bermuda-corporate-and-company-law/ To print this article, all you need to do is be registered or log in to Mondaq.com. Conyers provides legal and corporate services to a broad client base, including FTSE 100 and Fortune 500 companies, international financial firms and asset managers. The firm advises on the laws of Bermuda, the British Virgin Islands and the […]]]>

To print this article, all you need to do is be registered or log in to Mondaq.com.

Conyers provides legal and corporate services to a broad client base, including FTSE 100 and Fortune 500 companies, international financial firms and asset managers. The firm advises on the laws of Bermuda, the British Virgin Islands and the Cayman Islands, from offices in those jurisdictions and in the major financial centers of Hong Kong, London and Singapore.

Proposal to add the Cayman Islands to the EU AML list

  • On 7 January 2022, the European Commission adopted a delegated regulation proposing to revise its list of EU high-risk third countries (the EU AML list) to add nine countries, including the Cayman Islands.

  • EU securitization regulations prohibit the creation of special purpose securitization vehicles (SPVs) established in non-EU jurisdictions that are on the EU AML list.

  • The addition of the Cayman Islands to the EU AML list will be published in the Official Journal of the EU on February 21, 2022 and the updated EU AML list will enter into force on March 13, 2022.

  • EU entities should be prohibited from investing in notes (or other instruments) issued by a Cayman Islands securitization SPV from the date of entry into force of the updated AML list of the EU, with negative repercussions for certain transactions of secured loan obligations (CLOs)

Conyers “Bermuda CLO” Solution

Conyers is ideally placed to offer all legal, corporate, fiduciary and fiduciary services required in Bermuda for CLOs and other structured products, including: incorporation, management, trust, administration, regulatory, compliance services , listing and liquidation.

  • Structured finance practice: Conyers has proven and long-standing expertise in advising on the full range of securitization transactions, including CLOs, repackaging transactions, asset-backed securitizations, insurance-linked securities, bond offerings guarantees, note programs, commercial paper and certificate of deposit programs, and other structured products.

  • Capacity and resources: Conyers is Bermuda’s largest law firm and is ranked as a Tier 1 firm in all global legal directories. Conyers is also the largest business services provider in Bermuda with enough capacity to handle volume transactions.

  • Industry Relations: We and other law firms in Bermuda have entered into an agreement with the Bermuda Monetary Authority (BMA) regarding an expedited process for setting up companies in CLO transactions. As part of the agreement, the BMA has committed to processing same-day trainings, whether for new incorporations or onward to Bermuda.

  • Rating agencies: Bermuda, with its well-established insurance and reinsurance industry, is very well known to major rating agencies. Moodys, Fitch and Kroll have all been involved in Bermuda capital markets transactions, including ILS and ABS transactions and securitizations that we have worked on. Our transaction and securitization legal advice forms are prepared and accepted by rating agencies and counterparties.

  • Advertisement: Through our legal and corporate services teams, we are able to assist with all aspects of listings, whether in Bermuda, the Bermuda Stock Exchange (BSX), or in the Cayman Islands, the Caymans (CSX).

Conyers Customer Services

Conyers is uniquely positioned in Bermuda, where we are able to provide all corporate and trust services necessary for the formation of a trust to hold the shares of the SPVs and the incorporation and ongoing administration of the SPVs. .

Our business service offering includes:

  • SPV Formation Services

  • Provide a registered office address and manage communication for the SPV

  • Ensure that all statutory and regulatory filings are managed for the SPV and comply with applicable laws and regulations

  • Provide independent directors residing in Bermuda to the SPV

  • Provide corporate secretarial services to the SPV and maintain corporate documents

  • Provide registrar services to the SPV

  • Review of transaction documents and implementation of administration when closing transactions and annual obligations of the administrator

  • Liaise with third parties to the transaction

  • Liaise with regulatory bodies

  • Our Trust Services offering includes:

  • Establish a trust to hold the shares of the SPV

  • Provision of fiduciary services

Regulatory and Compliance Services:

  • Facilitate Bermuda’s compliance with:

  • United States FATCA and Common Reporting Standards

  • Anti-money laundering regimes

  • Economic substance regimes

  • Beneficial ownership regimes

Clearance:

  • Provision of a liquidator for a simple voluntary liquidation

  • Prepare a liquidation plan for more complicated dissolutions

  • Advice on complex insolvency law and restructuring matters

About Bermuda

  • Bermuda is a well-established offshore jurisdiction and a highly respected place to do offshore business. It provides a neutral and user-friendly platform for parties around the world with different laws, regulations and taxes to do business with each other effectively and efficiently.

  • Bermuda is fully recognized for operating to the highest international standards, including by international standards bodies such as the Financial Action Task Force (FATF) and the OECD. Bermuda is on the EU’s anti-money laundering white list, with the last full FATF review completed recently in January 2020.

  • Bermuda has specialized laws, regulations, products and expertise for global transactions and investments that create a business and efficient environment. She is well placed to develop and administer CLO products.

  • As a British Overseas Territory similar to the Cayman Islands, Bermuda has a legal system based on English law with independent courts. It meets the highest international standards for tax, anti-money laundering and insurance regulatory compliance. It is a tax-free environment. Bermuda is located one hour ahead of the east coast of the United States, which is more convenient for companies operating in the United States.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Bermuda Corporate/Commercial Law

EU Restrictive Measures: CySEC Circular C489

AGP law firm | SA Paphitis & Co. LLC

The Cyprus Securities and Exchange Commission (“CySEC”) issued Circular C489 (the “Circular”) on 25/02/2022, addressed to regulated entities…

Offshore trusts: types and uses (2 of 3)

Dixcart Group Limited

This series examines the key elements of offshore trusts, in particular Isle of Man trusts. This is the second of three articles, which examines some of the most common types of offshore trusts and their uses.

A risky business

Appleby

The recent case in June this year of Re Q [2021] JRC 166 has provided useful guidance as to the Royal Court’s approach to claims to set aside a trust in error, where it is recognized that…

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Russian oligarchs anticipated sanctions months before the war and moved money through Hawala, an informal payment system, expert says https://islandcrisis.net/russian-oligarchs-anticipated-sanctions-months-before-the-war-and-moved-money-through-hawala-an-informal-payment-system-expert-says/ Sun, 01 May 2022 13:54:00 +0000 https://islandcrisis.net/russian-oligarchs-anticipated-sanctions-months-before-the-war-and-moved-money-through-hawala-an-informal-payment-system-expert-says/ Russian oligarchs seem to have anticipated punishments month before Ukraine the war has begun. Insider spoke with Shane Riedel, financial crime expert and CEO of Elucidate. Financial crime experts have noticed an increase in the movement of money by Russian individuals in the months before the war. Russian oligarchs were hit with Western sanctions amid […]]]>
  • Russian oligarchs seem to have anticipated punishments month before Ukraine the war has begun.
  • Insider spoke with Shane Riedel, financial crime expert and CEO of Elucidate.

Financial crime experts have noticed an increase in the movement of money by Russian individuals in the months before the war.

Russian oligarchs were hit with Western sanctions amid the war in Ukraine, but they appear to have anticipated the measures by moving money through an informal network. Payment system known as Hawala.

In an interview with Insider, Shane Riedel, financial crime expert and CEO of Elucidate, whose company’s job is to examine patterns in the movement of money, spoke about the payment system. “No one is going to this combination of entities” – a financial intermediary for the two proxies, he said.

“No one is looking for a proxy-to-proxy transaction, it’s not going to raise any red flags anywhere,” Riedel added.

The Hawala payment system is an informal funds transfer system that allows the transfer of funds from one entity to another without moving money. There is no file because it does not require documentation.

Information on individual transactions in the Hawala payment system for sanctioned persons, inspired by Markus Taube.Sam Tabahriti/Insider

In other words, Hawala allows individuals or entities to transact outside of traditional banking systems. It has been used for centuries but has been made illegal in some countries like India, due to its lack of regulation.

Riedel said that in the months leading up to the attack, starting in November and especially in December, they noticed an increase in transactions involving Russia.

He said: “We saw money coming from offshore to onshore with money coming from onshore to offshore which was disproportionate – over 10% going to or from shell companies or entities that we have assessed as shell companies.”

“That’s far from market-consistent, as your typical deal flow on any given day would be less than 1% involving shell companies,” he added.

Hawala transactions originated in the Middle East and South Asia. Originally, the Hawala networks focused on “terrorism financing angles, sanctions against them, and sanctions evasions,” Riedel said.

Russian oligarchs anticipated sanctions months before the war and moved money through Hawala, an informal payment system, expert says
This graph shows how the Hawala payment system would work if only one of the two entities were sanctioned.Sam Tabahriti/Insider

He pointed to the sanctions imposed on international transactions for Russia, prohibiting it from using SWIFT, or the Society for Worldwide Interbank Financial Telecommunications.

SWIFT is a Belgian communication system that was launched in 1973. It serves as a neutral platform for banks to discuss financial transfers, transactions and transactions.

Riedel said when the sanction was imposed it was in the hope of making it harder for Russia to move money, including the oligarchs. He said, “The Hawala system can be considered one of those most difficult ways to process transactions.”

According to Riedel’s analysis, there was a concentration of activity in a few European jurisdictions, Switzerland, Cyprus or Malta… all of which are jurisdictions where many business service providers are front companies, Riedel said. .

He added: “I use the term shell company quite broadly in this context, it could also be a trust or some other mechanism like that. But before the sanctions were implemented, we saw an extreme increase in inflows and exits from Russia.”

The oligarchs may be using the Hawala payment system to conduct transactions, which could explain how they were able to maintain their luxurious lifestyle and the maintenance of some of their assets such as superyachts.

Riedel concluded: “Nothing is happening now. The datasets we are looking at will no longer show us the traffic, at least between Russia and others, because it has all but stopped.”

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Sad Fruits, Giant Pandas and Birthday Cheer – Take the Thursday Quiz | life and style https://islandcrisis.net/sad-fruits-giant-pandas-and-birthday-cheer-take-the-thursday-quiz-life-and-style/ Thu, 28 Apr 2022 10:01:00 +0000 https://islandcrisis.net/sad-fruits-giant-pandas-and-birthday-cheer-take-the-thursday-quiz-life-and-style/ Incredibly, the Thursday quiz turns one year old this week. A whole year! As usual, it consists of 15 questions that are either general knowledge or vaguely topical – but perhaps with a bit more of a birthday twist. I originally introduced it with the words, “I think we should start next week, then if […]]]>

Incredibly, the Thursday quiz turns one year old this week. A whole year! As usual, it consists of 15 questions that are either general knowledge or vaguely topical – but perhaps with a bit more of a birthday twist. I originally introduced it with the words, “I think we should start next week, then if after five weeks everything seems to be going well, I’ll do the next batch.”

I want to say a big thank you to everyone who took the quiz, and especially those of you who so consistently and happily joined in the comments. I hope you have fun today, but remember there is no prize. Let us know how you get on.

The Thursday quiz, n° 53

1.MUSIC: As this is an anniversary edition, we will start with an anniversary question. Which Beatles album contains the title Birthday?

2.ALSO HAPPY BIRTHDAY AND ALSO MUSIC: It’s Kim Gordon’s birthday today. Happy birthday, Kim! But for which iconic American alternative rock band did she brilliantly play guitar and bass?

3.AN EXERCISE BIKE FOR THE MIND: It would have been beloved author Terry Pratchett’s birthday today too. We miss you Thierry. How many Discworld novels by him have been published?

4.THE PLAY’S THE THING: What are the names of the two mysterious men who appear in Harold Pinter’s 1967 play The Birthday Party?

5.SCIENTIFIC CORNER BUT WITH PANDAS: Which of these families of mammals do giant pandas belong to?

6.TUTTI FRUTTI: Which world leader was inexplicably greeted in Japan by sadly dancing kiwis last week?

7.SECRETS OF THE STARS: A six-mile sculpture trail that models the solar system to scale called Our Place in Space opens where in the UK?

8.A BIG SURPRISE: This is a song by the Sparks from 1977 where “It’s a boy meets a girl and here we go again”. But that’s not important right now. ‘One-eyed Joe’, a Scottish cat who has been missing for five years, has been reunited with his owner after being found where?

9.STOP THIEF! : It was also Shakespeare’s birthday this weekend, and as a nice gift an academic presented new research claiming the bard stole the plot of which play from a now lost play by Sir Thomas North ?

ten.THE LIVES OF SAINTS: Saint Andrew is a patron saint of Barbados, Georgia, Cyprus and Scotland, among others. But traditionally what was he doing before becoming one of Jesus’ disciples?

11.FIBONACCI NUMBERS: First described in Indian mathematics, and forming a sequence where each number is the sum of the previous two, F₁₀ is 55. 55 is a triangular number. Which of these definitions best describes a triangular number?

12.WHY THE LONG FACE? : A horse’s respiratory system is described as exhibiting “obligatory nasal breathing”. What does that mean?

13.DEPARTMENT OF SCILLY LONG WALKS: Residents of the Isles of Scilly are facing a difficult, expensive and long journey for a vital public service now after the latest news of WHAT on the island was closing?

14.AROUND THE WORLD IN 80 DAYS: Wikivoyage lists 23 places visited by the fictional Phileas Fogg in Jules Verne’s novel, none of them in a hot air balloon. Number 13 is Yokohama, Japan. But in what year did Yokohama Stadium host the Rugby World Cup final?

15.AND FINALLY… SOME OLD NEWS: What was the main Guardian story on the day the Thursday quiz first appeared, April 29, 2021?

  • If you believe there has been a glaring error in any of the questions or answers, please feel free to email martin.belam@theguardian.com, but remember that the word of the master of the quiz is still final, and he also wants to thank the production team for helping him avoid many more mistakes along the way.

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Zimbabwe: Chin’ono – Zelensky of our time https://islandcrisis.net/zimbabwe-chinono-zelensky-of-our-time/ Tue, 26 Apr 2022 09:45:21 +0000 https://islandcrisis.net/zimbabwe-chinono-zelensky-of-our-time/ On reflection, a Gift Siziba over the past weekend has proven himself to be a political novice, still struggling with teenage hormones. Because it has a moving mouth, it was used as an anti-democratic megaphone by its “generational” masters, much to the chagrin of those who thought the CCC had Democrats. However, his question is […]]]>

On reflection, a Gift Siziba over the past weekend has proven himself to be a political novice, still struggling with teenage hormones.

Because it has a moving mouth, it was used as an anti-democratic megaphone by its “generational” masters, much to the chagrin of those who thought the CCC had Democrats.

However, his question is a subject for another day, only to be discussed in the fullness of time.

In the unforgettable pages of history, the records show that the West still praises and imposes weak and unscrupulous people as “good torchbearers” by temporarily forgetting how crooked they have lived their lives.

One of this writer’s college professors once remarked in the middle of a very important discussion that “in modern times, always be careful when one of your relatives is praised by the West. At this level of study, selfish interests are the key characteristic and many of your countrymen have fallen under the benevolence of the United States while advancing foreign interests.”

A few examples came to mind.

From Venezuelan Juan Guaido to Russian Alexei Navalny to Ukrainian Volodymyr Zelensky, the praise these puppet leaders have received from the West in their pursuit of regime change in their respective countries is staggering.

When Guaido accepted the CIA tender, then-US President Donald Trump and his then-security adviser John Bolton said regime change in Venezuela was a must. a “low hanging fruit” and said the same about Navalny.

In Zimbabwe, a half-century-old Western instrument, Hopewell Chin’ono, like the Ukrainian Zelensky, answered the call to sell his soul for “thirty pieces of silver” and be co-opted into a negative propaganda to stir up unrest among the people and prepare a way for Western interference.

The way the United States abandoned Guaido, Navalny and Zelensky is the same way it will do to Chin’ono.

From the unfolding of events, the trio have shown that they are made up of people who need some serious upholding from their backers despite being led like innocent sheep down the lane. of slaughter.

They can do anything for money and political expediency.

Wolves in sheep’s clothing!

The people many want to see as champions of democracy are really not what they claim and want people to believe.

Following how the West re-wrote Chin’ono’s past shenanigans with “purity” and quickly made the world forget Zelensky’s transgressions puppeted both very good stories, only good stories to the West.

Chin’ono’s peers have since denounced him, in cases that have been written off and are in the public domain, as a pencil-necked trickster after allegations of card-cloning fraud dogged him with a strong current that he failed to stop.

He has also been denounced as a violent man who does not respect women.

He also cannot let others live on an equal footing by acknowledging that someone can have a different opinion from his and also be right.

Don’t forget that he was also at the forefront of “selling out” his many “colleagues” in the civic sector.

Having a bitterness that failed him as head of the national broadcaster made him a willing accomplice working against Zimbabwe.

He’s not what he wants people to believe. Its principle is to live without any principle! He recently showed how bossy, immature and vulgar he can be.

A few weeks ago, a debate on Twitter spaces organized by a journalist from a foreign-funded local initiative invited her commentators, among whom was a Zimbabwean whose views parallel those of the opposition CCC.

The level of intolerance and abuse the young man faced against a rampaging swarm of opposition-sponsored trolls was heartbreaking.

When Chin’ono realized that the CCC’s arguments were unfounded and did not carry the day, he ordered the host journalist to remove the young discussant.

The “democratic alternative” is allergic to criticism.

He believes that what he says is the benchmark of what is right.

In Ukraine, too, since his presidency, Zelensky has banned three TV channels just to bolster his personal authority.

As a comedian, Zelensky knows television and knows how to perform at the gallery through years of appearances. Videos of war zones and sharing meals with the troops, he knows the gimmicks.

However, the 2021 Pandora Papers showed he had offshore accounts and businesses with his inner circle in the British Virgin Islands and Cyprus, despite campaigning for him to tackle corruption.

You will know them for their actions and goals motivated solely by money!

It’s happened before, this script has happened before.

Think back to Afghanistan in the 1980s when the United States funded the mujahideen to fight the Soviet army.

It was not because Afghanistan was strategically important to the West. No, it was not!

The only objective was to give the impression of making Afghanistan a useful tool for the Americans.

The same thing happened with Georgia.

The United States armed Georgia in the late 2000s; trained Georgian soldiers against Russia and promised it future NATO membership, but when war broke out in 2008, NATO backed down.

Zelensky made the same mistake thinking he is a key strategic ally for NATO when he is just another pawn.

From the start, he feared defending every square inch of territory, but now he is open to concessions and abandoning his quests for NATO membership.

He saw a reality check after overplaying Western support, selling Ukraine’s importance to the West and misinterpreting President Vladimir Putin’s true intentions.

With thousands of deadly weapons passing through every day and promises of unprecedented sanctions against Russia, it is no surprise that Zelensky decided to fight because the West had promised him sovereignty, but refused to fight for it.

Chin’ono and Zelensky’s only trump card is the West and they have ‘good’ reason to believe their interests are protected until what happened to Guaido and Navalny reveals they can never be. Western friends.