Americas Citibank criticised over money laundering
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One of the biggest banks in the United States, Citibank, has been criticised in an investigation into alleged money laundering. The criticism is contained in a report by the General Accounting Office, the investigative arm of the US Congress, on the movement of funds in the early 1990s belonging to Raul Salinas, brother of the former Mexican President, Carlos Salinas De Gotari. The officials accuse Citibank of using various means to disguise the source of up to $100m such as waiving bank references for Mr Salinas, assisting his wife to use another name and other separate allegations, which, it says, broke the paper trail of the funds. More : news.bbc.co.uk |