Banks in U.K. Handled $740m Laundered Russian Money: Guardian
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- HSBC, RBS, Lloyds, Barclays and Coutts are among 17 banks based in U.K. or with branches there who are facing questions over a money-laundering operation run by Russian criminals with links to that country’s govt and KGB, the Guardian reports, citing documents it saw.
- At least $20b appears to have been moved out of Russia during 2010-2014, though true figure could be $80b: Guardian
- Investigators are trying to identify some of the wealthy and politically influential Russians behind the operation and estimate that ~500 people were involved, including oligarches, Moscow bankers and figures working for or connected to the FSB, successor to the KGB
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283