Dutch subsidiary of Russia's Alfa Bank raided in money laundering investigation

[Ellipsis]

Source: Reuters

AMSTERDAM, Dec 12 (Reuters) - The Dutch subsidiary of Russia’s Alfa Bank, owned by billionaire Mikhail Fridman, was searched last week as part of an investigation into possible money laundering, the Dutch financial crimes prosecutor said on Tuesday.

Amsterdam Trade Bank (ATB) is suspected of violating anti-money laundering laws by withholding information on “unusual transactions” made by clients and failing to do adequate background checks on its clients, the prosecutor’s office, FIOD, said in a statement.

“The bank’s office has been searched and accounts were seized as part of a criminal investigation”, FIOD spokeswoman Marieke van der Molen said.

Read more: https://www.reuters.com/article/netherlands-russia-bank/dutch-subsidiary-of-russias-alfa-bank-raided-in-money-laundering-investigation-idUSL8N1OC4SM

[shraby]

1. A domino has been nudged in a long line of dominos.

[volstork]

2. Interesting news....

Drip
Drip
Drip

[Corgigal]

3. The squeeze is on

On the street....

[Ellipsis]

4. ,