US authorities are investigating a member of Russian President Vladimir Putin’s inner circle for money-laundering, The Wall Street Journal reported Wednesday. In a politically thorny tightening of screws on Putin’s billionaire allies, the Justice Department and New York state prosecutors are looking into whether Gennady Timchenko transferred funds linked to allegedly corrupt deals in Russia […]

More than 42,000 financial crimes involving millions of dollars in losses were uncovered in Russia in 2013, President Vladimir Putin said Tuesday. He gave no figure for the exact losses last year from financial crime, but said that more than 20 billion rubles ($554 million) in damages had been caused in the past three years. […]