Amendment No. 8 | Doc. 14847 | 10 April 2019
Laundromats: responding to new challenges in the international fight against organised crime, corruption and money laundering
Committee on Legal Affairs and Human Rights
In the draft resolution, after paragraph 4, insert the following paragraph:
“The Troika Laundromat again involved numerous shell companies, with three based in the British Virgin Islands (BVI) playing a pivotal role, and the central involvement of a Baltic bank, in this case Ukio Bank in Lithuania. Persons close to the heart of state power were again implicated, this time including a close friend of President Putin. The Troika Laundromat is particularly revealing of the origins of laundered funds in organised crime and corruption. It also illustrates the importance of effective AML procedures within banks that provide correspondent banking services to foreign partners as an additional safeguard against international money laundering.”