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More than 700 British firms blacklisted in Ukraine for suspicious activity

Foreign shell firms – ‘offshores’ in the jargon – litter the country’s politics and economy. They are used to conceal ownership, avoid tax, make illicit payments and launder dirty money. Their abuse, say anti-corruption campaigners, help keep Ukraine poor.

More than 700 British firms blacklisted in Ukraine for suspicious activity
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British firms blacklisted in Ukraine

Many are British, especially Scottish. Now an analysis of Ukrainian government public records by openDemocracy gives another glimpse at just how often UK corporate entities are being red-flagged in the country. 

Read more at KYC360

 

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