CHAPTER 8

Corporate Money-Laundering Events in USA

Many money-laundering cases are occurring around the world. However, revealing illegal actions requires investigation and knowing the customer. The cases below are examples that expose the money laundering activities and the actions taken by some banks. These examples are important for the reader to understand the span of money laundering activities.

Banamex USA

Banamex is a bank located in California, USA, operated as a U.S. division of Banco Nacional de Mexico. The bank, offered U.S. dollar credits to Mexican customers, and transferred money (credits) to Mexico or anywhere the customer wanted based on the agreement with Western Union. It became the third largest bank in the country when Citigroup ...

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