Ukraine's State Tax Service has uncovered a scheme to move 198 billion UAH ($4.4 billion) abroad through over 2,300 shell companies. The case has been sent to the Prosecutor General's Office.
Hong Kong has surpassed Switzerland as the world's leading offshore financial center, a significant milestone reflecting a shift in global wealth creation towards mainland China. This development challenges narratives of Hong Kong's decline.
US-listed Bitcoin ETFs experienced their largest weekly capital flight since January, with investors withdrawing $1 billion. Rising inflation concerns and uncertainty over the Federal Reserve's monetary policy are cited as key catalysts for this institutional risk aversion.
