SUBSCRIBERS
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
Add BT as a preferred sourcePublished Tue, Mar 21, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
The documents contain details of about 70,000 banking transactions, including 1,920 involving firms based in the UK and 373 in the US, the newspaper said.
Share with us your feedback on BT's products and services
