STR: Suspicious Transaction Report cover image

The State-Crime Nexus: Spotlight on Russia

STR: Suspicious Transaction Report

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The Politics of Subsidizing Crime and Illicit Finance

The UK and other allies of Ukraine, for example, must become concerned with policing the illicit economies of faraway territories. The international financial architecture is what allows a lot of money that is plundered by cryptocurrencies in Russia to be moved abroad. In theory, we would like our institutions, our courts to make justice on these dynamics,. But here we have a problem. We have an issue that I've also mentioned earlier on, which is that our courts are obliged to rely upon the judgments that are issued in the kleptocracy themselves.

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