A banker who helped hide Mexican drug money is helping U.S. prosecutors
Compliance official admits to misconduct on border accounts
Bloomberg (US)
Monday, December 18, 2017
Monday, December 18, 2017
A former U.S. manager for Dutch banking giant Rabobank Groep says he helped hide possible criminal activity by clients and is assisting U.S. prosecutors in a long-running investigation of whether the lender was tied to laundering millions of dollars in Mexican drug money. The manager, George Martin, entered an agreement with the Justice Department. Martin, who worked as a compliance official in the bank’s California unit from 2007 until 2012, admitted to aiding a criminal scheme to mask possible money laundering by account holders. (See also: New calls to prosecute Dutch bank for laundering Mexican drug money)
tags:
