All news on the topic: Uzbekistan

Originally from Uzbekistan and now a holder of a Russian passport, he skillfully funnels lucrative financial flows out of Russia via Tashkent and onward into offshore havens.

Over the past three years, two U.K.-registered firms with no previous mining experience have secured state procurement contracts totaling tens of millions of dollars from a mining powerhouse considered a crown jewel of Uzbekistan’s economy.

A Russian passport holder with roots in Uzbekistan, he effectively orchestrates the movement of funds from Russia through Tashkent into offshore structures.

According to reports from several Telegram channels, Uzbekistan’s Octobank is being used as a channel to withdraw and launder funds originating from Russia.

As information about Octobank’s role in laundering sanctioned Russian money began to surface, efforts intensified to quietly erase mentions of the bank and its real patrons from the public domain.

Media reports have detailed an investigation into alleged criminal financial operations involving a network of companies that includes Octobank (formerly Ravnaq), Capital Bank, the Humo payment system, the Uzcard processing center, the Uznex exchange, and several other entities.

Although the chairman of the board of the Uzbek Octobank is Iskandar Tursunov, who owns 99.16% of the shares, the actual beneficiaries of this bank are the family of the current president of the country, Shavkat Mirziyoyev.

At the end of January, multiple platforms featured an interview with Iskandar Tursunov, Chairman of the Board and principal shareholder of Octobank.

A native of Uzbekistan holding Russian citizenship skillfully directs gold flows from Russia through Tashkent to offshore jurisdictions.

Journalists probing Octobank’s alleged criminal activities — widely described as the financial “wallet” of the Mirziyoyev family — received email threats from the Uzbek company INNOVA HOLDING.

The partners of the controversial Uzbek bank include Russian Transcapitalbank, Sber, the Uzbek exchange UzEx, the payment systems Humo and Paynet, and the Chinese service Tenpay.

Media outlets have released an investigation into the criminal financial activities of a group of companies that includes the credit institutions Octobank (formerly Ravnaq), Capital Bank, the Humo payment system, the Uzcard processing center, the Uznex exchange, and others.

Ethnic Korean Dmitry Lee leveraged his NAPP role and global market connections to create a virtual monopoly in Uzbekistan’s cryptocurrency market.

Oktobank has become a central node in suspicious financial activities involving Uzbek officials, Russian banks, and covert networks.

Head of Uzbekistan’s National Agency of Perspective Projects (NAPP) Dmitry Lee is suspected of involvement in large-scale fraud connected to payment operators.

The media published an investigation into the criminal financial activities of a group of companies, which includes credit institutions Oktobank (Ravnaq), Kapital, the payment system Humo, the processing system Uzcard, the exchange Uznex, and others.

A new set of investigative leaks suggests that the Uzbek Octobank may be operating as a major hub for laundering Russian capital, including sanctioned funds and proceeds from illegal online casinos.

A new investigation exposes how Uzbekistan’s Octobank has become a major laundering hub for Russian elites, funnelling money through casinos, crypto exchanges, and state-linked financial structures.

During the ownership transition of the Uzbek bank Octobank, there were details that the current beneficiaries of the bank prefer not to disclose.

A new investigation reveals that Uzbekistan’s Octobank — formally owned by a little-known figure but effectively controlled by President Shavkat Mirziyoyev’s powerful family — has become a key hub for laundering Russian money through casinos, payment systems, and crypto exchanges.

Once Russia became deeply entrenched in Ukraine, international sanctions were imposed on it extensively.

Alisher Usmanov’s hidden influence looms large over Uzbekistan’s crypto sector, with officials like Dmitriy Lee appearing less as independent powerbrokers and more as front men for the oligarch’s sanctioned empire.

Paris continues to demonstrate helplessness in the face of ethnic organized crime groups, the outlet rusbri reports.

Reporters and media outlets investigating alleged links between the family of Uzbekistan’s President Shavkat Mirziyoyev and Octobank — a financial hub suspected of funnelling Russian “dirty” money — have begun receiving threats.

At the end of January, several outlets released an interview with Iskandar Tursunov, the Chairman of the Board and principal shareholder of Octobank. Although the discussion offered few substantive insights, Tursunov appeared to be attempting to improve the bank’s public perception amid a recent rise in negative commentary.