"Part of our investigation will look at the conduct of the financial institutions to see whether they were cognisant of the fact they were helping launder these bribe payments," the acting US attorney for the eastern district of New York, Kelly Currie, told a press conference last week.
He spent the 1970s defending the Muzo mine against Pablo Escobar and the Medellín drug gang, who wanted control of it in order to launder money.
Much money is parked offshore not to evade tax but to hide the proceeds of corruption or to launder criminal money.
Curing either problem will almost certainly require public cash.In this section Money fit to launder Waiting for the call The storm before the storm?
Whoever said what to whom, in whatever order and on whoever's yacht or terrace, the affair does matter, for three reasons.The first involves rich Russians and their efforts to launder their reputations and the willingness of politicians of all stripes to collude with them.
Naturally, Republican congressmen are upset that this fine fellow should get hurt, although his daughters may not mind: two of them are suing him for using their names to launder political donations.
It includes everything from curbing the legal avoidance of corporate taxes to the use of anonymous shell companies to hide corruptly obtained public assets, evade sanctions and launder drug money.
But it faces continuing litigation over allegations that it manipulated currency markets and interest rates and helped its clients launder money.
After all, someone needs to sweep, cook, chauffeur, launder and babysit for the rich.In wealthier countries, the rich pay dearly for a short commute; in India's cities, the poor cannot afford a long one.
Some politicians have shareholdings, others have used the finance companies as piggy banks to finance their investments or launder illicit earnings.
Cynics saw "Spell Your Name" as part of Mr Pinchuk's effort to launder his reputation and win new friends in the post-Kuchma era.
