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PEPs, Sanctions and Laundromat Scandals...

[fa icon='calendar'] 12-Feb-2019 11:36:57 / by Evan McGookin posted in fincrime, regbite, peps

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Last year saw an unwelcome re-emergence of the so-called ‘laundromat’ scandal; the term, which harks back to the dry-cleaning establishments into which Al Capone and the Chicago mob funnelled their ill-gotten gains, was popularly attributed to a large-scale criminal money laundering scheme (uncovered in 2014) in which $20.8bn was laundered out of Russia through 96 countries and, more recently, to the rapidly developing scandal involving Danske Bank and its Estonian subsidiaries.

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