FinCEN: Andorra bankers took bribes to launder money for China, Russia, Venezuela criminals
Richard L. Cassin
March 13, 2015
The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.
FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading