How about a 'Report an Oligarch' hotline?

[L. Coyote]

Expand this whistleblower program so Putin’s cronies can’t evade sanctions

The newly announced sanctions against Russia’s richest men are a critical piece of the West’s strategy to temper Russia’s aggression toward Ukraine. Deprive Vladimir Putin and his deputies of their yachts, jets, villas, and Western educations for their children, and they may think twice about continuing to bomb Kharkiv and Kyiv.

However, sanctions don’t have the desired effect if you can’t find the assets that need to be seized to significantly impact the oligarchs’ lifestyles and their ability to fund the war.

For too many years, permissive money laundering laws, anonymous shell corporations, and a highly incentivized class of investment managers, lawyers, and accountants have allowed oligarchs to hide ill-gotten gains and avoid taxes.

When we do trace these funds in the U.S., it is largely thanks to the Financial Crime Enforcement Network (FinCEN) whistleblower program, which provides financial rewards, anonymity, and confidentiality to those who bring forth information. With one legislative tweak, it could become the powerhouse tool needed to track down Russian kleptocracy and ensure sanctions actually hit the jugular.

When it comes to revealing money laundering or sanctions evasion practices, the government needs an insider ...............

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[global1]

1. Got To Be Careful Here.....

I'm sure non-Russian oligarchs are concerned for themselves.

Do you think this is what's going through their minds?

If they can sanction Russian oligarchs so easily - they can sanction us non-Russian oligarchs just as easily. I don't want my riches taken away from me. I want my mansions. My yachts. My private jets. My villas. My piles of money.

So I have to be careful how these Russian oligarchs are treated for fear that someone would be coming for me someday.

Hmmmmm........

[Tetrachloride]

2. Four kinds of Russian Oligarchs

1. In Russia
2. In pro-Ukraine countries with sanctions
3. In countries not sufficiently pro Ukraine. (India, China, much of Africa, much of the Middle East, numerous former Soviet Republics.
4. Regardless of 1, 2, or 3, an actively anti-Putin oligarch. Sooner or later there will be one.

[SWBTATTReg]

3. I hope that someone is re-examining the Panama Papers too, that told of many

world leaders that squirreled away billions in $ to secret accounts (all of this was blown into the open by a whistle blower several years back).

Ironic, that even Switzerland is joining the world against the Russians/putin.

[L. Coyote]

4. "the $2bn offshore trail that leads to Vladimir Putin."

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