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Title: "Credit Suisse, Lloyds...conceal illegal money transfers" AIG Money? Post by: WhiskeyGirl on December 20, 2009, 10:44:24 AM Quote Credit Suisse, Lloyds and eight other major foreign banks have been investigated for “stripping” wire transfer information to conceal illegal money transfers. Lloyds used the technique to disguise clients in Iran and Sudan who were barred from doing business in the U.S. Lloyds admitted that from 2001 to 2004 it let Iranian banks, including Bank Melli, Bank Saderat and Sepah Bank, and their customers move more than $300 million, the Manhattan District Attorney’s office said in January. Quote Dec. 16 (Bloomberg) -- Credit Suisse AG may pay $536 million to settle claims that the bank helped process payments that let Iran and other nations avoid government sanctions and gain access to U.S. financial markets. On the AIG pass through list? more here - http://www.bloomberg.com/apps/news?pid=20601100&sid=aQXqjozA1d0g (http://www.bloomberg.com/apps/news?pid=20601100&sid=aQXqjozA1d0g) Title: Re: "Credit Suisse, Lloyds...conceal illegal money transfers" AIG Money? Post by: WhiskeyGirl on December 20, 2009, 10:49:32 AM Quote "At one point, the company even developed a pamphlet for its Iranian clients, explaining how to fill out payment messages so as not to trigger U.S. filters," Holder said. "They created a 'how-to' book on committing a crime - and it worked well for years." http://www.courthousenews.com/2009/12/18/Credit_Suisse_to_Pay_$536M_to_Avoid_Charges.htm (http://www.courthousenews.com/2009/12/18/Credit_Suisse_to_Pay_$536M_to_Avoid_Charges.htm) What about ACORN advising people on how to avoid taxes, immigrations, and run illegal businesses? |