Prospect – How Oligarchs Stash Money in Foreign Real Estate

File photo (Chairman of the Joint Chiefs of Staff/CC BY 2.0)

Investigative journalist Zack Kopplin has reported on the existence of multiple Barzani assets across the globe, including a $1.27bn real estate project, a $300 million refinery, and properties in the USA, estimating their total control to be in the billions of dollars. The Barzani family is reported to have used multiple structures, including trusts and intermediaries, to conceal their wealth, leading to concerns about corruption and money laundering.

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