22Mar 2017

British banks handled vast sums of laundered Russian money

HSBC’s building in Canary Wharf, London. Photograph: Anthony Devlin/PA Archive/Press Association Image

Exclusive: Billions of dollars were moved out of Russia in ‘Global Laundromat’ operation, with anonymously owned UK companies playing major role theguardian.com

Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal.

9Mar 2017

The Secret Wealth Of The World’s Richest Oil Billionaires

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.

As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.