troika laundromat

Auto Added by WPeMatico

How the World’s Leading Banks Help Launder $2 Trillion a Year

by

Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or … Read more

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme

by

A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.” Also … Read more