UK banks ‘handled’ $740m in laundered Russian money
Arab News, 22 March 2017
LONDON: Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported on Monday.
According to documents obtained by the Organized Crime and Corruption Reporting Project, at least $20 billion was moved out of Russia between 2010 and 2014 in a vast criminal operation called “The Global Laundromat.” The scam involved over 500 people including oligarchs and Russian criminals with links to the government and the domestic intelligence agency, the FSB. Continue reading “Article: UK banks ‘handled’ $740m in laundered Russian money”
