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Cypriot RAIF funds without "UBO" used to hide Megayachts of Russian Billionaires

Frankie

Pro Member
Oct 22, 2023
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Austria
Interesting but I guess they will get a lot more unwanted attention after this Expose.

  • Registered alternative investment funds, or RAIFs, were marketed by the lawyer’s firm as a way for clients to avoid revealing their ownership after an EU crackdown on corporate secrecy.
  • Ownership of three Kostin-linked properties in Moscow and a neighboring region were also obscured behind investment funds managed by Inveqo.
1725624055417.webp


https://www.occrp.org/en/project/ru...al-estate-linked-to-sanctioned-russian-banker
 
  • Wow
Reactions: jafo