Ex-Congressman's Russian Bank Loses License for Money Laundering
A regional Russian bank owned by a former U.S. congressman had its license revoked Friday for violations that included breaking rules against money laundering.
Commercial Bank of Ivanovo, in which Republican former North Carolina Representative Charles Taylor owns an 80 percent stake, regularly broke anti-money laundering regulations, misrepresented the size of its provisions and used “schemes” to artificially inflate its capital, according to a central bank statement.
[link:https://www.bloomberg.com/news/articles/2019-04-05/ex-congressman-s-russian-bank-loses-license-for-money-laundering?utm_source=google&utm_medium=bd&cmpId=google|
Congresscritter from Western North Carolina bought a bank with an "ex" KGB officer WHILE IN CONGRESS
https://bluenc.com/content/charles-taylor-doles-out-pork-kgb-connection
"Rep. Charles Taylor (R-N.C.) used earmarks to create an overseas study program for Russian business students coordinated by his friend and business partner, an ex-KGB general’s wife and onetime English teacher.
The International Trade and Small Business Institute, created last year and funded through a Taylor earmark to the Small Business Administration (SBA), uses federal money to send seven Russian students to eight North Carolina schools for business courses. Two of the students hail from Ivanovo, the depressed textile city where Taylor is majority owner of the local bank and a frequent real-estate investor."
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