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Stories of Interest
- Wells Fargo Has Shown Us Its Contemptible Values
- UBS to Counter Trading Troubles With M&A Work
- SEC Moves Quickly To Shut Down Fake Pre-IPO Share Scam
- SEC Testimony: Oversight of the SEC Division of Enforcement
- FINRA Modifies 'Agency Debt Security' in Rule 6710
- Is Jamie Dimon Doing a U-Turn on Bitcoin?
- After New Yorker's Racist Rant Goes Viral, His Law Firm Gets Pummeled with 1-Star Yelp Reviews
- Bill O’Donnell is New CFO at MetLife
- Trump Still Owes Deutsche Bank, Others as Much as $480Mn
- Wells Fargo Scandals Hurt Its Retirement Business
- Michigan State to Pay $500Mn to Victims of Larry Nassar's Abuse
- Top Lawyer at Novartis Leaving Over $1.2Mn Contract with Michael Cohen's Consulting Firm
- Cadwalader Adds Mark Chorazak to its Financial Regulation Practice
- Deutsche Bank: It's A Short According to Eisman of ‘The Big Short’ Fame
- Up In Smoke: Bank of Montreal Goes All-In on Pot Deals
- RBS to Pay $4.9Bn to Settle Toxic MBS Probe with U.S.
- Apple and Goldman Sachs Team Up to Release New Credit Card
- Robinhood, A Stock, Trading App Rejected by 75 Investors, Now Worth $5.6Bn
- Wells Fargo Reportedly Pocketed Fire And Police Department Pension Fund Fee Rebates
- Trading App Robinhood Surpasses E*Trade In User Numbers
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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