RBS PROBES COUTTS AND ABN AMRO PAYMENTS FOR RUSSIAN MONEY LAUNDERING

On 29th April, KYC 360 reported that the Royal Bank of Scotland (RBS) Group has launched an internal investigation into whether its subsidiary Coutts and Co. and a unit of ABN Amro processed payments linked to a Russian and Lithuanian money laundering scheme – the so-called “Troika Laundromat”.  The Russian money laundering network purportedly transferred $4.8 billion in suspect funds through a now-defunct Lithuanian bank.

https://www.riskscreen.com/kyc360/news/rbs-probes-coutts-and-abn-amro-payments-for-russian-money-laundering/

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

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