反洗钱案例分析——里格斯银行洗钱案(国外英语资料).doc

反洗钱案例分析——里格斯银行洗钱案(国外英语资料) Case study of anti money laundering -- Riggs bank money laundering case Release time: 2011.07.14 hits: 4894, choose size: large, small, [case] Riggs Bank N.A, established in nineteenth Century, is known for its long-standing relationship with the US government, with more than 160 of the 95% embassies in Washington being Riggss clients. Data show that from the diplomatic circle of business, accounting for 4 billion 200 million of the 23% Riggs bank deposit. A 114 page report submitted by the US Senate in July 14, 2004 revealed details of Riggs banks assistance to former Chilean President Pinochet for money laundering and the involvement of Equatorial Guinea dictators corrupt funds. In May this year, has been due to the Riggs bank to transfer funds between the Saudi terrorist organization, and was sentenced to a civil penalty of $25 million. The Senate report, from 1994~2002, at least for the Chilean dictator Pinochet Riggs bank opened 6 accounts, and issued several CDs, some of which occurred in the Pinochet house arrest in britain. Pinochets total deposits in Riggs once reached 4 million ~800 million. The banks account manager helped Pinochet avoid the legal process of disclosing the account. They never made a serious investigation into the sources of funds for these accounts. In order to conceal his control over these accounts, the bank even helped him set up two shell companies to open accounts in the name of the two companies, with Pinochet as the actual beneficiary. While Pinochet was in custody and the court froze his account, he transferred $1 million 600 thousand from London to the United states. Bank of Riggs used his account to cover up some of Pinochets cash transactions, and gave out $about 1900000 in cash checks to get cash out of chile. In the submission of federal investigation agency documents, Pinochet was posing as a retired professor, was in the public service sector of high paying jobs in service for many years. In 1997,