VEB Russian Financial institution Linked To Spy Ring
Gate of the “Rezidentura,” Russian Diplomatic Compound, in the Bronx.
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In 2014, the FBI was at the very end of the sting. An undercover detective posing as an electronic detective issued a series of false alarms to two Russian spies working in New York.
The spies took the builders back to “Residents,” New York, where they work for SVR, Russia’s foreign spy.
The microphones hidden inside the discovery send the spies all the information to those involved in American magic. The two SVR officers were caught red-handed in the pursuit of their secrets, ranging from the difficulty of hiring prospective workers to the frustration that their daily work did not even come close to “James Bond videos.”
In an open discussion, he spoke with an SVR agent who works for them in deep New York cover: Evgeny Buryakov.
Apparently, Buryakov was a representative of a Russian bank called VEB. But in reality he was working for SVR, collecting financial intelligence.
FBI reports show that two spymasters discussed how Buryakov traveled around the world as a bank employee, spies on the go, and how he wanted to do an important job: knowing how the US planned to prevent Russian companies from spending money.
They did not need to be worried. U.S. officials have allowed the Russian bank – whose organization is headed by Vladimir Putin – to operate in the US even in a paper expressing concerns that threaten national security.
FinCEN Files, a partnership between BuzzFeed News and more than 100 chambers affiliated with the International Consortium of Investigative Journalists, shows that the U.S. Treasure department received at least 86 warnings from 2007 to 2016 negotiating with the bank, its customers, or Buryakov.
These alerts are known as suspicious reports, or SARs. Legally, banks act as government guards in the US, looking for currency pairs. If they detect incidents of financial or other financial irregularities, they should write SARs to the Treasury Financial Crimes Enforcing Network, or FinCEN. Such reports are not the only evidence that he is guilty but can help in the investigation and gathering of the intellectuals.
Banks are not allowed to discuss or accept the existence of SARs, but in an interview with BuzzFeed News, VEB said it had “not done anything illegal” or had been spoken to by officials about the content of the article.
The bank said disclosure of SARs was illegal and because it could not “verify the authenticity” of the documents BuzzFeed News received, it declined to comment.
SARs were maintained by other VEB-related banks and their customers wrote suspiciously about national security risks. Someone warned that Buryakov sent money to an address linked to a company that offers the most versatile and smart devices: video surveillance tools. Some suggested the possibility that the VEB-funded company supported the Bashar al-Assad government bankroll in Syria and helped sell arms to the legitimate country.
But repeated warnings do not seem to have hurt VEB. It was allowed to continue its investment through the US, through some of the world’s most popular banks.
Spy by His Supervisor
Eugene Odinokov / Sputnik via AP
Vnesheconombank (VEB) token.
Established as a non-profit bank, set up by the government to boost the economy in Russia, VEB is overseen by President Putin’s internal court. Igor Shuvalov, Russia’s deputy prime minister, oversees the bank as its chairman. Their former leader was Sergey Gorkov, a Russian intelligence graduate.
In 2014, in response to Russia’s invasion of Ukraine, the US banned companies from lending to VEB.
However, it was the only major hurdle that VEB faced. He was allowed to continue banking in the United States and gain access to the dollar, the world’s most important currency.
In January 2015, Buryakov was arrested for espionage. The protest sounded alarm bells at New York’s largest banking giant, JPMorgan Chase, as VEB kept financial accounts, controlled by Buryakov’s management at VEB.
SARs from JPMorgan Chase have identified the case against Buryakov landlord. The suit said that after Buryakov was convicted of spying by US officials, his family left without paying rent for their home in Riverdale, New York. (Buryakov could not be reached for comment.)
Later, the lawsuit said, Buryakov’s supervisors at VEB came to the scene. He allegedly demolished the “house”, including smashing furniture, and removing it.
Chase’s follow-up supervisors, employees who oversee any financial activities that may be involved in litigation, have analyzed the records of Buryakov’s supervisors. He found that he was withdrawing money from VEB accounts in a very strange way.
According to Chase’s SAR, in 2015 Buryakov’s management visited Chase branches across New York and New Jersey, withdrawing $ 30,000 in three days. Each job was worth $ 10,000.
Alex Fradkin of BuzzFeed Stories
Driving Bank in New York City.
Chase’s follow-up supervisors warned. They warned the US government that the supervisor was “working closely” with Buryakov, who allegedly accused him of being a “financial spy.”
He also said the unusual withdrawal of supervisors was seen as a “money laundering scheme” designed to trigger a warning that occurs if more than $ 10,000 is withdrawn – in particular, Buryakov’s supervisor could try to avoid government scrutiny. The manager has left VEB and is running his own company. He did not respond to a request for comment.
Although a VEB employee is accused of espionage and one is committing suspicious activity, the government has not taken public action.
Amer Almohibany / AFP / Getty Photos
The family is walking down a dirt road in Syria in 2018.
Chase was not the only major bank that was concerned about VEB’s financial performance.
In 2012, New York’s Federal Reserve found “shortcomings” in the way Commerzbank sold stocks and ordered it to revisit all its old trading. In doing so, the bank’s supervisors reviewed their support with the VEB support bank. It appears that between 2010 and 2013, a small bank, which has no offices outside of Russia, was buying large sums of money in the US – $ 497 million – from Commerzbank.
During this time, the Syrian conflict started from a minor uprising to a civil war against various Assad regimes, sparking international outrage over the use of chemical weapons on civilians but with Russian support.
In a SAR that Commerzbank later handed over to the US government, it said the VEB was “publicly linked to Syrian trade and arms” and that Russia was supporting the Assad regime with “foreign currency debt.” Commerzbank was concerned that VEB’s aid company was helping the Syrian government pay for its military.
However, employees at Commerzbank in Germany reassured their colleagues in New York that trading was “a common form of competition.”
Members of the New York group disagreed. Americans have launched a study that has shown “spikes in work” by buying dollars that “appear to be similar” to sanctions imposed on Syria, according to a bank SAR.
Commerzbank withdrew its payments in September 2013. It informed the US government of its suspicions of SAR the following year.
Responding to questions from BuzzFeed News, Commerzbank said it was unable to respond to customers due to bank privacy laws. The spokesman said the bank has been spending a lot of money following this trend since 2015 and has successfully fulfilled the audit commissioned by US regulators.
In 2013 a group of US filmmakers wrote a letter to Secretary-Treasurer Jack Lew, warning them that Russian banks, including VEB, were acting as “financial mechanisms” for the Assad regime. Banks at the time refused to support Assad.
Announcing that there was “clear and compelling evidence” Assad used medical weapons against the Syrian people, the media urged the government to approve the VEB. Wealth has done nothing.
“The Character Seemed Unusual”
Photos by Olga Maltseva / Getty
A Russian helicopter is flying over the outskirts of St. Petersburg. Petersburg in July.
Another VEB-funded company, Genetechma Finance Limited, was reviewed for its arms sales deals.
Genetechma told Barclays Bank that it was buying $ 34.6 million worth of helicopters from a Russian civil rights organization and wanted to sell them to a Moscow-based advertising company.
But in September 2013, he told Barclays that the deal was finalized and that helicopters could be sold to a UAE airline.
A Barclays audience investigation later found that the UAE was a “major supporter” for the Sudanese aircraft manufacturing and repair company. The crisis was an agreement between the then North Sudanese government and the Russian Helicopters, a security company that manufactures civilian and military aircraft.
The Sudanese government is said to be a supporter of terrorism by the US, and Russia is known for supporting the Sudanese government in the bloody civil war in South Sudan.
In his SAR to the US government, agency officials at Barclays noted that Genetechma “was known to have sold four (4) two helicopters” that were “flexible military” to a state-affiliated business. Experts told BuzzFeed News that the type of helicopter identified in SAR is the most widely used type of war in the South Sudan War.
Barclays is also affected by the money laundering scandals that follow the deal. Following the agreement, Genetechma sent $ 10.2 million to a Cypriot weapons company, informing Barclays that the payment was part of a helicopter agreement.
Recently, a Cypriot company paid the same amount, $ 10.2 million, to another timber company, claiming it was a coin toss. Corporate executives at Barclays believe the “payments seem strange;” they could not determine who the second bullet company was or where they were. They were concerned that the project could be linked to North Sudan.
Louise Shelley, a student who studied money laundering, said the site should raise red flags. Legal chains are “straight and straightforward to do well,” he told BuzzFeed News. “Illegal commercials should be included to prevent them from appearing.”
Barclays, in response to questions on the matter, said that according to the rules he could not answer for customers or the events described in the SAR, and that the bank believed it had complied with all its rules.
Genetechma did not respond to a request for comment.
The Spy Blames Himself
Live Paper / Reuters
Buryakov on a business trip to Russia in April 2017. He was escorted by pilots and then handed over to Russian officials.
Buryakov, a spy used by VEB, felt that the US government was unforgiving.
In 2016, he agreed to work underground as an agent in Russia and was sentenced to 30 months in prison. He was released soon after a year.
US immigration officials accompanied him to Moscow on a business trip. A photo from the plane shows the spy returning to his financial seat, looking forward thoughtfully with his chin in his hands.
This was the last sighting of a spy. Her employer, VEB, continues to work in the United States. ●