The Financial Conduct Authority and fraud police will examine allegations that Britain’s high street banks processed nearly $740 million from a vast money laundering operation run by Russian criminals, a Treasury minister has told MPs.
The Guardian: UK police to examine ‘Global Laundromat’ money laundering allegations
(FILES) This file photo taken on July 25, 2012 shows the buildings of the HSBC and Barclays banks at the Canary Wharf district of London on July 25, 2012. Over that period, British banks including HSBC, the Royal Bank of Scotland (RBS), Barclays and Coutts reportedly handled over 1,900 transactions - out of 70,000 - worth nearly $740 million
