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Laundered Russian cash went through world's biggest banks: report

Banks from HSBC and RBS to Stanchart and Citigroup fingered in network dubbed the Global Laundromat

New York

CASH that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world's largest banks, with UK firms including HSBC Holdings Plc handling almost US$740 million, The Guardian reported, citing a cache of financial records it reviewed.

sentifi.com

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