"Note: Law enforcement authorities have identified Internet gambling, a growing industry, as a means of laundering money."
Money Laundering Glance
.c The Associated Press
Foreign banks identified as high-risk and examined by Senate investigators; the country or territory that licensed them, years of operation, status, their U.S. correspondent banks examined and money laundering concerns cited by investigators:
American International Bank: Antigua. 1992-98. In receivership. BAC of Florida, Bank of America, Barnett Bank, Chase Manhattan Bank. Financial fraud, Internet gambling.
British Bank of Latin America: Bahamas. 1981-2000. Closed. Bank of New York. Drug money.
British Trade and Commerce Bank: Dominica. 1997-present. Open. Banco Industrial de Venezuela (Miami office), First Union National Bank, Security Bank. Financial fraud, Internet gambling.
Caribbean American Bank: Antigua. 1994-97. In liquidation. BAC of Florida, Bank of America, Barnett Bank, Chase Manhattan. Financial fraud.
European Bank: Vanuatu. 1972-present. Open. ANZ Bank (New York office), Citibank. Credit card fraud.
Federal Bank: Bahamas. 1992-present. Open. Citibank. Money from bribes.
Guardian Bank and Trust (Cayman) Ltd.: Cayman Islands. 1984-95. Closed. Bank of New York. Financial fraud, tax evasion.
Hanover Bank: Antigua. 1992-present. Open. Harris Bank (New York office). Financial fraud.
M.A. Bank: Cayman Islands. 1991-present. Open. Citibank, Union Bank of Switzerland (New York office). Drug money.
Overseas Development Bank and Trust: Dominica. 1996-present. Open. BAC of Florida, Bank of America, Barnett Bank, Chase Manhattan, AmTrade International, Bank One. Financial fraud.
Swiss American Bank: Antigua. 1983-present. Open. Bank of America, Chase Manhattan. Financial fraud, Internet gambling, drug money, money from illegal arms sales.
Swiss American National Bank: Antigua. 1981-present. Open. Bank of New York, Chase Manhattan. Financial fraud, drug money, money from illegal arms sales.
Note: Law enforcement authorities have identified Internet gambling, a growing industry, as a means of laundering money.
AP-NY-02-05-01 0108EST |
