FinCEN Files — Cyprus to Isle of Man: Over 100 transactions linked to Max chairman

The FinCEN Files contain a 20-page “intelligence assessment” on the mirror network and list 54 shell companies which, they say, moved billions of dollars annually from Russia through European securities markets to other jurisdictions beginning as early as 2011.

OVER 100 transactions worth $104.4 million by companies associated with Max Group founder and chairman Analjit Singh were red-flagged by Standard Chartered Bank, New York, to US financial watchdog FinCEN.

These transactions, between July 2014 and November 2016, were between entities in India and those located in Cyprus, UAE, Singapore, South Africa, Jersey and Isle of Man….