British banks handled vast sums of laundered Russian money
Source: The Guardian
Britains high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal.
HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers.
Documents seen by the Guardian show that at least $20bn appears to have been moved out of Russia during a four-year period between 2010 and 2014. The true figure could be $80bn, detectives believe.
One senior figure involved in the inquiry said the money from Russia was obviously either stolen or with criminal origin.
Read more: https://www.theguardian.com/world/2017/mar/20/british-banks-handled-vast-sums-of-laundered-russian-money
tazkcmo
(7,300 posts)Lots of dark, Russian money running around...who else do we know with connections to Russian oligarchs? I hope this case helps to reveal Shit Gibbon's source of funding since every real bank quit dealing with him.
dalton99a
(81,468 posts)machoneman
(4,006 posts)Just askin'...............
Bernardo de La Paz
(49,001 posts)In the 90s.