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Tag: Winslet Enterprises

April 14, 2019

The Montenegrin Money Connection of the “Lenhoff-Barak” Crime Scheme

The brazen “Lenhoff-Barak” organization seems to become bigger by the day and spans across the EU, the Balkans, and Israel. The Central Bank of Montenegro..

March 11, 2019

Veltyco Group Update – Questionable Share Transactions Via Bulgarian Companies

FinTelegram received information from sources close to Veltyco Group and its shareholders that indicate that the company’s founder and then-director UWE LENHOFF bought Veltyco shares..

Veltyco

January 26, 2019

KulBet And 4YouBet Closed Down – Customers Waiting For Money

In December 2018, sportsbook operator KulBet and online betting site 4YouBet closed down. The sites were operated by Altair Entertainment N.V., a company beneficially owned..

Veltyco

June 8, 2018

VELTYCO Analysis: – Related Party Transactions And Offshore Business

A German Venture in London VELTYCO GROUP PLC, a publicly traded UK company, has presented its annual accounts for 2017. FinTelegram conducted another VELTYCO analysis..

Compliance Report: Sergey Mendeleev, Garantex, and Exved – The Rising Role of Crypto in Russia’s Sanctions Evasion Strategy

Sergey Mendeleev, a prominent figure in Russia's cryptocurrency scene, has played a central role in the establishment and operation of two key platforms—Garantex and Exved. These platforms have been instrumental in facilitating cross-border payments and crypto transactions, potentially serving as important tools for Russia’s sanctions evasion strategy. Mendeleev's growing influence in this space, coupled with Russia's evolving regulatory framework, positions him as a key player in Russia.

Russia’s New Crypto Strategy for Sanctions Evasion

Russia’s new crypto laws, allowing mining and international payments in digital currencies, are part of a broader strategy to evade Western sanctions and reduce dependence on the U.S. dollar. This move, led by the Central Bank of Russia (CBR), opens up new compliance risks for global financial institutions dealing with Russian entities. The new laws are set to take effect in September for cross-border payments and in November for crypto mining.

Secretive Cyprus Funds Used to Obscure Megayachts and Real Estate Linked to Sanctioned Russian Banker

A recent OCCRP investigation revealed that Cyprus-registered RAIFs were used to hide megayachts and real estate linked to sanctioned Russian banker Andrei Kostin. These secretive funds, managed by Inveqo, allowed clients to avoid disclosing their ownership, raising concerns about the effectiveness of sanctions and regulatory enforcement. The case highlights the challenges of ensuring transparency and preventing financial crime in the global investment landscape.

First-Ever Crypto Seizure in Scotland Under New UK Law

Crypto has undoubtedly become mainstream, particularly in the cybercrime sphere. In a first for Scottish law enforcement, £110,000 in cryptocurrency has been confiscated from John Ross Rennie following a violent robbery. Under new UK rules, police can now seize crypto assets without needing to make an arrest, highlighting a growing focus on tackling digital crime as incidents involving cryptocurrency continue to rise.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.