Tuesday October 20, 2020

Roubles rumbled: What we don't know about Russian money in the IFSC

Ireland prides itself on being a world-class financial services hotspot. But with revelations mounting over Russian money in the IFSC, could what we don’t know hurt us?

11th March, 2018
3

It’s a long way from Spencer Dock to Kazan. But not in banking terms. In 2007, a Russian lender from the city of Kazan called Tatfondbank set up an Irish subsidiary called TFB Finance. It was located at Spencer Dock, but like the other 520 companies it shared the address with, there was no outward sign of its corporate residency there. Indeed, there was little to remark on until 2016, when the holders of $60...

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