Smaller Korean recipients

The Russian Laundromat Exposed
Investigation

Smaller South Korean recipients of Laundromat money revealed that their transactions are genuine trade deals, explaining that money paid by counterparts from Russia or Middle Eastern countries tend to come from a third party companies.

March 20, 2017

Smaller South Korean recipients of Laundromat money revealed that their transactions are genuine trade deals, explaining that money paid by counterparts from Russia or Middle Eastern countries tend to come from a third party companies due to currency difference or loose regulations. They described the typical scenario of exporting goods to a Russian company, which would then tell them that a third party such as Crystalord Limited will send the payment on their behalf.

Fact-checking was provided by the OCCRP Fact-Checking Desk.
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