Money Laundering - Notable Cases

Notable Cases

  • Bank of Credit and Commerce International: Unknown amount, estimated in billions, of criminal proceeds, including drug trafficking money, laundered during the mid-1980s.
  • Bank of New York: US$7 billion of Russian capital flight laundered through accounts controlled by bank executives, late 1990s
  • Nauru: US$70 billion of Russian capital flight laundered through unregulated Nauru offshore shell banks, late 1990s
  • Sani Abacha: US$2–5 billion of government assets laundered through banks in the UK, Luxembourg, Jersey (Channel Islands), and Switzerland, by the president of Nigeria.

Read more about this topic:  Money Laundering

Famous quotes containing the word notable:

    “a notable prince that was called King John;
    And he ruled England with main and with might,
    For he did great wrong, and maintained little right.”
    —Unknown. King John and the Abbot of Canterbury (l. 2–4)