Raiffeisen Bank Austria Money Laundering

Shares in two dutch banks and austria s raiffeisen bank international rbi fell on tuesday after media reports about a money laundering network alleged to have channeled billions of euros from.

Raiffeisen bank austria money laundering. Harry holmes hermitage capital management led by prominent kremlin critic bill browder filed a report with austrian prosecutors claiming their banks enabled russian. Raiffeisen bank international ceo johann strobl leaves a news conference in vienna austria august 9 2018. The ndrangheta operates a sprawling empire of money laundering and drug trafficking. In austria raiffeisen bank international s predecessor ignored suspicions that should have triggered reports to the authorities thereby abetting the money laundering linked to the.

Related coverage austria s raiffeisen unaware of. Vienna reuters austrian anti corruption prosecutors are examining money laundering allegations after receiving a complaint against unknown parties a spokeswoman said when asked about media reports of a network alleged to include austria s raiffeisen bank international. London march 6 shares in two dutch banks and austria s raiffeisen bank international rbi fell yesterday after media reports about a money laundering network alleged to have channelled billions of euros from russia. Russia s expanding money laundering scandal spread to austria on tuesday as the fallout from the troika laundromat echoed across the continent.

Raiffeisen was also named in an occrp investigation published on monday alleging the bank was a counterparty in a money laundering scheme. The reports saw rbi s share price drop more than 10 march 4 and since then the stock has lost more than 15 of its value dropping from 22 84 on march 4 to close at 19 35 on march 13. Money laundering activities linked to russia have embroiled a string of northern european banks including danske bank a s ing groep nv nordea bank abp and swedbank ab publ.