Notable Cases
- Bank of Credit and Commerce International: Unknown amount, estimated in billions, of criminal proceeds, including drug trafficking money, laundered during the mid-1980s.
- Bank of New York: US$7 billion of Russian capital flight laundered through accounts controlled by bank executives, late 1990s
- Nauru: US$70 billion of Russian capital flight laundered through unregulated Nauru offshore shell banks, late 1990s
- Sani Abacha: US$2–5 billion of government assets laundered through banks in the UK, Luxembourg, Jersey (Channel Islands), and Switzerland, by the president of Nigeria.
Read more about this topic: Money Laundering
Famous quotes containing the words notable and/or cases:
“a notable prince that was called King John;
And he ruled England with main and with might,
For he did great wrong, and maintained little right.”
—Unknown. King John and the Abbot of Canterbury (l. 2–4)
“After all, the practical reason why, when the power is once in the hands of the people, a majority are permitted, and for a long period continue, to rule is not because they are most likely to be in the right, nor because this seems fairest to the minority, but because they are physically the strongest. But a government in which the majority rule in all cases cannot be based on justice, even as far as men understand it.”
—Henry David Thoreau (1817–1862)