OCCRP Reports $8.8 Bn Money Laundering Scheme By Major Banks

OCCRP Reports $8.8 Bn Money Laundering Scheme By Major Banks

The Organized Crime and Corruption Reporting Project (OCCRP), a non-profit media organization, published a set of reports this week detailing a complex money laundering scheme taking place in Russia. Its executive Director Paul Radu elaborated: “Among the counterparties on these transactions were major Western banks. Some dozens of companies have obscured the origin of the cash.”

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