Russian Laundromat

"The Laundromat" redirects here. For the facility, see laundromat. For other uses, see Laundromat (disambiguation).

The Russian Laundromat was a scheme to move $20–80 billion out of Russia from 2010 to 2014 through a network of global banks, many of them in Moldova and Latvia.[1][2] The Guardian reported that around 500 people were suspected of being involved, many of whom were wealthy Russians.[3] The money laundering scheme was uncovered by Global Laundromat, an investigation.[4] The New Yorker says that that operation was known as "The Russian Laundromat," "The Global Laundromat," or "The Moldovan Scheme."[5] The Herald wrote that the scheme is "thought to be the world's biggest and most elaborate money-laundering scheme."[6]

  1. ^ "OCCRP - The Russian Laundromat". Reportingproject.net. 22 August 2014. Retrieved 20 March 2017.
  2. ^ Harding, Luke (20 March 2017). "The Global Laundromat: how did it work and who benefited?". The Guardian. Retrieved 20 March 2017.
  3. ^ Cite error: The named reference CNN on the Issue in 2017 was invoked but never defined (see the help page).
  4. ^ Barr, Caelainn; Levett, Cath (25 March 2017). "More than half the funds laundered in a major Russian scheme went via the UK". The Guardian.
  5. ^ "Deutsche Bank, Mirror Trades, and More Russian Threads" in The New Yorker by Ed Caesar
  6. ^ Cite error: The named reference The Herald was invoked but never defined (see the help page).