Russian Money Laundering Scandal Hits More Banks

Tom Burroughes, Group Editor , 6 March 2019


A number of banks are named in a report about a new money laundering scandal originating from Russia.

Campaigning reporters have named more banks as being embroiled in a massive money laundering scandal that has already seen lenders such as Denmark’s Danske Bank staring at potentially large fines. In Danske’s case, international authorities have started probes.

Claims from a journalists’ group put the finger on Austria’s Raiffeisen Bank International, as well as Germany’s Deutsche Bank and US-based Citigroup. A report by Bloomberg yesterday said that the group also referred to Dutch banks as being in the potential firing line. This follows reports that US authorities were looking into Deutsche Bank, for example.

The Organized

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