Thursday, February 4, 2010

U.S. Banks Abetting Corrupt Regimes, Probe Finds

by investigative journalist, Lucy Komisar, from IPS news service. 
The committee's 350-page report of an investigation that lasted two years focuses on how U.S. banks, lawyers, real estate and escrow agents hide the origins of funds belonging to foreign government officials and other "politically exposed persons" (PEPS) who might be moving illicit cash.