FAQ: WHAT IS CORRESPONDENT BANKING?

On 25 November, OCCRP published this article saying that that criminals, sanctions dodgers, and corrupt politicians are also able to filter billions in tainted cash through the conventional banking system using nothing more than standard money transfers.

https://www.occrp.org/en/troikalaundromat/faq-what-is-correspondent-banking

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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