Bank of China Settles Italy Money Laundering Case: Document
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Bank of China Ltd Milan Branch and four employees settled in Florence case, court document obtained by Bloomberg shows.
Alert: HALISTER1- Bank agreed to pay EU600,000 fine at hearing Friday
- Four employees sentenced to 2 years for money laundering, sentence suspended
- NOTE: Bank of China says in e-mailed statement settlement made to avoid lengthy case and to allow Milan branch to focus on its business; adds branch always respected national and international rules
- NOTE from June 2015: Italy Seeks Charges in Bank of China Money-Laundering Probe (1)
Source: BFW (Bloomberg First Word)
Tickers
3988 HK (Bank of China Ltd)
To de-activate this alert, click here
UUID: 7947283