€13 BILLION LAUNDERED THROUGH ESTONIAN BANKS

Postimees in Estonia on 25^th May reported that the annual report from the Central Criminal Police’s money laundering information bureau (RAB) estimates that €13 billion – more than the entire Estonian state budget – was laundered through Estonian banks in 2011-2016.  It says that it is especially noteworthy that several hundred million of it belongs to arms industries of eastern states, including Russia.

https://news.postimees.ee/4494372/unbelievable-13-billion-euros?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017