The FinCEN Recordsdata leak accommodates two Suspicious Exercise Reviews (SARs) pertaining to then suspected OneCoin fraud.
The leaked SARs reviews flagged $137.6 million in OneCoin associated transactions.
The twenty-nine transactions befell between 2015 and 2016 and spanned 13 banks, considered one of which was the Financial institution of New York Mellon.
The financial institution wrote that the businesses gave the impression to be engaged in “layering” — a way used to disguise the supply of illicit funds by routing it via a number of transactions.
One other was Related Overseas Alternate Inc., who flagged $50,000 transferred from an Australian lady to “two OneCoin firms”.
We don’t know who this particular person is for positive, aside from she owns/owned an “natural skincare firm”.
One risk is OneCoin distributor Catherine Olarte (aka Cathie Louchloecha), who sells Glow Essence Pores and skin Care on OneCoin’s Deal Shaker platform:
Olarte’s supplied DealShaker contact particulars is a avenue deal with in Queensland, Australia.
Primarily based on Glow Essence Pores and skin Care’s Fb web page exercise, Olarte was an lively OneCoin distributor up till late 2019:
Whether or not the OneCoin SARs assisted US prosecutors put collectively their case towards OneCoin discovered Ruja Ignatova and her cash laundering co-conspirators is unclear.
Though indicted and needed by US authorities, Ignatova stays a fugitive on the run. She hasn’t been seen since late 2017.
The FinCEN Recordsdata are a sequence of leaked SARs initially supplied to BuzzFeed.
BuzzFeed shared the leak with ICIJ and different organizations, who collectively processed the leaked info for publication.
Sadly a call has been made not to share the total reviews. As such now we have to depend on redacted reporting for now.