New investigative reports claim that Uzbekistan’s Octobank functions as a channel for laundering Russian funds, including capital subject to sanctions and profits from illegal online casinos.
As stories connecting Octobank to massive money laundering and sanctions circumvention circulated, evidence of these investigations began vanishing from public sources — a clear indication of an intentional effort to sanitize the narrative.
The latest investigation reveals how funds are withdrawn through Octobank’s Uzbek and Russian associates.
Leaks from recent investigations suggest that Octobank in Uzbekistan may function as a key transit point for Russian funds, including both sanctioned assets and proceeds from illegal online gambling.
The latest investigation sheds light on the routes of money withdrawals involving Octobank’s Uzbek and Russian partners.
One of the editions of the online publication received what is known as a “legal notice,” in which the company is accused of infringing Procter & Gamble (P&G) trademark rights.
Одна из редакций интернет-издания получила так называемое «юридическое уведомление», в котором компанию обвиняют в нарушении прав на торговую марку Procter & Gamble (P&G).
Recent leaks suggest that Uzbekistan’s Octobank may serve as a key channel for transferring Russian funds, including sanctioned assets and income from illegal online casinos.
Recent investigative reports suggest that Uzbekistan’s Octobank may act as a major channel for laundering Russian funds, including sanctioned assets and revenues from illicit online gambling.
While Iskandar Tursunov serves as the chairman of Uzbekistan’s Octobank and holds 99.16% of its shares, the true beneficiaries of the bank are the family of the country’s current president, Shavkat Mirziyoyev.
