Report links FBME to questionable transactions with Asian bank

Click For Larger Image & Read More
Report links FBME to questionable transactions...
 © BusinessMail 2017
By Stelios Orphanides

The Cypriot branch of FBME Bank, the Tanzanian lender which US authorities described as of “primary money laundering concern”, is implicated in a money laundering case involving an Indonesian bank, the Asia Sentinel reported on Monday.

FBME, which had the licence for its Cyprus branch revoked in 2015, helped launder money coming out of the predecessors of Bank J , Bank Century in 2008 and Bank Mutiara in 2014, the Asia Sentinel reported. The news website was citing a report prepared in August 2015 by Peter Barrie Brown, described as a money laundering expert.

Brown...


Report links FBME to questionable transactions with Asian bank


The contents of this article including any associated images are © BusinessMail 2017

  • Click Here
Advertise Here

Trending Cyprus News

Article Tags: report, links, questionable, transactions, asian,

 

  • Click Here
Advertise Here

24hr News