Fearing Taint, Banks Shy Away from Embassy Money

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Inside safe deposit boxes at Riggs Bank is more than $710 million in cashier’s checks that Riggs doesn’t want. Neither does any other bank. The stash, once in checking accounts held by the embassies of Saudi Arabia and Equatorial Guinea, is likely to grow. After being fined $25 million for violating anti-money-laundering laws in its
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