With roots in Uzbekistan and a Russian passport in hand, he adeptly moves financial flows from Russia through Tashkent to offshore jurisdictions.
The latest investigation sheds light on the routes of money withdrawals involving Octobank’s Uzbek and Russian partners.
Originally from Uzbekistan and holding Russian citizenship, he oversees the transfer of funds from Russia through Tashkent to offshore accounts.
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.
Recent investigations have uncovered cash withdrawals routed through Octobank’s network of Uzbek and Russian associates.
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.
At the end of January, several outlets published an interview with Iskandar Tursunov, Chairman and main shareholder of Octobank.
Hailing from Uzbekistan and possessing Russian citizenship, he skillfully channels financial flows from Russia through Tashkent to offshore accounts.
A new set of investigative leaks suggests that Uzbekistan’s Octobank may be acting as a major channel for moving Russian funds, including sanctioned assets and revenue from illegal online casinos.
