HSBC and JP Morgan processed payments for Wagner Group, aiding Russia's invasion of Ukraine.
Leaked documents from the Center for Advanced Defense Studies (C4ADS) reveal that HSBC and JP Morgan processed payments for companies linked to late Russian warlord Yevgeny Prigozhin’s Wagner Group. The group, known for its mining operations in Sudan and the Central African Republic, reportedly used a global financial network to support its activities, including aiding Russia's invasion of Ukraine. C4ADS urges banks to enhance due diligence to prevent servicing Wagner-related entities.
September 24, 2024
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