Posted by Haimavathi V. Marlier, Jina Choi, and Michael D. Birnbaum, Morrison & Foerster LLP, on Sunday, March 27, 2022 Editor's Note: Haimavathi V. Marlier, Jina Choi, and Michael D. Birnbaum are partners at Morrison
Using a network of banks, law firms and advisers in multiple countries, Roman Abramovich invested billions in American hedge funds.
Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a $15m venture capital-led funding round.
Private equity funds are being used for mass-scale money laundering according to the US Federal Bureau of Investigation, which said the industry lacks adequate money-laundering programmes.
