Investigation Exposes Bulgarian Role in Massive Russian Money-Laundering Operation

Bulgarian brokerage firms have been implicated in an international investigation into a Russian money-laundering scheme. According to Intelligence Online, as reported by BGNES, two Bulgarian intermediaries were involved in moving tens of millions of dollars through a web of shell companies.

The transactions, which also passed through Poland, have been stopped, and one of the Bulgarian firms has already faced fines from local regulators....