EPISODE · Jul 22, 2026 · 34 MIN
The Arctic's hidden economy:Corruption, sanctions and the race for resources
from ICA inCONVERSATION · host International Compliance Association
As ice retreats and new shipping routes open, the Russian Arctic has become a frontier for resource extraction, military build-up and financial crime hidden in plain sight. This episode looks at how sanctions evasion, illicit financial flows and geopolitical competition are converging in one of the world's least scrutinised regions.Join ICA Vice President Tim Tyler as he talks to Ilia Shumanov, founder of Arctida, and Managing Partner at TriTrace Investigations about the political, mineral and military issues connected to the Arctic. Ilia previously served as Executive Director of Transparency International Russia and now leads investigative work into corruption, sanctions evasion and human rights in the Russian Arctic.🌍 The scale of sanctions evasion tied to the Russian Arctic industry⚓ How the Northern Sea Route factors into Russia's economic and military strategy🛡️ Where compliance and FCP professionals should be watching for exposure🧊 The human and environmental cost of accelerated Arctic developmentThis is your chance to hear directly from someone investigating corruption and sanctions evasion from the inside.
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As ice retreats and new shipping routes open, the Russian Arctic has become a frontier for resource extraction, military build-up and financial crime hidden in plain sight. This episode looks at how sanctions evasion, illicit financial flows and geopolitical competition are converging in one of the world's least scrutinised regions. Join ICA Vice President Tim Tyler as he talks to Ilia Shumanov, founder of Arctida, and Managing Partner at TriTrace Investigations about the political, mineral a...
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The Arctic's hidden economy:Corruption, sanctions and the race for resources
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