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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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NEWSLETTERS & ALERTS
50 Largest Global Banks That Played in the 'Russian Laundromat'
Between 2010 and 2014, at least $20.8 billion was laundered out of Russia and funneled into banks in Moldova and Latvia. From there it was spread into 96 countries. The Organized Crime and Corruption Reporting Project (OCCRP), which broke the story in 2014, dubbed it “the Russian Laundromat.”
Click here for the 50 largest global banks involved in the scheme. (The list is missing the China Construction Bank, which took in $122 million.)
Here are the more familiar U.S. and European bank names:
HSBC (U.K.) $545 million
UBS (SW) $162 million
RBS (U.K.) $146 million
ICBC (China) $93 million
Cr. Suisse (SW) $40 million
Citibank (U.S.) $37 million
StanChart (U.K.)$29 million
DB (Germany) $24 million