DENMARK’S THIRD-LARGEST BANK HELD SEVERAL ACCOUNTS AND COMPLETED HUNDREDS OF TRANSACTIONS FOR RIFAAT ASSAD – UNCLE OF SYRIAN PRESIDENT BASHAR ASSAD

On 29 June, ACAMS published an article saying that Jyske Bank, Denmark’s third-largest by assets, held several accounts and completed hundreds of transactions for Rifaat Assad, an uncle of Syrian President Bashar Assad, over the course of a decade despite clear indications of egregious illicit finance. This was revealed in a court in Paris where Rifaat Assad, 82, was sentenced to 4 years in prison for embezzling and laundering Syrian state funds into Europe.

https://www.moneylaundering.com/news/exclusive-sentencing-of-bashar-assads-uncle-in-france-exposes-banks-aml-failure

 

 

 

 

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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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