Compiled a person of interest profile about a Russian businessman, Vladimir Yevtushenkov, including findings about sanctions, money laundering schemes, overseas properties, assets, relations, etc.
Details
Why This Person of Interest Required Enhanced Due Diligence
Volodymyr Yevtushenkov is a Russian billionaire and founder of AFK Sistema — a conglomerate spanning telecommunication (MTS), e-commerce (Ozon), electronics, forestry, pharmaceuticals, and defence-related industries, operating across Russia, the EU, Ukraine, and multiple offshore jurisdictions. The objective was to compile a comprehensive person of interest profile covering financial crime allegations, sanctions exposure, overseas assets, and political connections.
How Molfar Built a Multi-Jurisdiction Background Profile
The profile was built through open-source intelligence, drawing on corporate registry filings, litigation records, US DOJ and SEC disclosures, the FinCEN Files, sanctions databases, and property records across multiple jurisdictions.
Money Laundering, Bribery and Overseas Asset Findings
Back-to-back loan scheme: East-West United Bank, wholly owned by Sistema, was cited by Ukraine's Deposit Guarantee Fund in connection with large-scale money-laundering structures.
2014 — Bashneft case: Charged with money laundering and unlawful acquisition of Bashneft; case dropped in 2016, but Sistema paid RUB 100 billion in settlement in 2017.
2019 — MTS bribery: MTS paid $850 million to the US DOJ and SEC over a large-scale Uzbekistan bribery scheme.
FinCEN Leaks (2020): Suspicious MTS payments flagged to an offshore entity linked to Anar Makhmudov.
Defence exposure: Archival data lists Element (a microelectronics JV with Rostec) and Aeromax (a drone operator) among Sistema holdings.
Overseas assets: Two London properties valued at ~£31 million; three villas in Saint-Jean-Cap-Ferrat, France, including "Villa Waikiki."
Sanctions
Australia sanctions (April7). After the UK sanctions, Yevtushenkov transferred 10% of Sistema shares to his son and stepped down as Chairman.
UK sanctions (13 April 2022): designated for supporting sectors of the Russian government.
Ukraine-Related Activity
Owned Ukrainian Vodafone assets through VF Retail / VF Ukraine / IT Smartflex (via Dutch entity Preludium B.V.) before selling them to Bakcell in 2019 for $734 million.
Co-founder of ITM-Ukraine together with NVision (Czech Republic); winner of the 2017 Mobile ID implementation tender.
Beneficial owner (2016–2020) of Sitronics Telecom Solutions Ukraine, referenced in a case involving tax evasion and excessive price markups (no conviction).
Connections & Networks
Linked to the inner circle of Viktor Yanukovych via the “Kedr” hunting club (along with Boyko and Demishkan; information from the Mezhyhirya archives).
Family: wife Natalia; children Tetyana (Sberbank) and Felix (board member at Sistema/MTS); sister-in-law — Elena Baturina.
Why Counterparties Should Treat This Profile as Enhanced Due Diligence Risk
Yevtushenkov's profile combines defence-sector exposure, confirmed bribery settlements, multi-jurisdictional money-laundering indicators, and sanctions adjacency. Post-2022 sanctions weakened his formal control over Sistema without eliminating his structural influence. Any counterparty or investor considering engagement with Sistema or its subsidiaries should treat this as grounds for enhanced due diligence and legal review prior to any commercial relationship.
Need to Assess a High-Risk Individual or Counterparty?
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