CNBC | Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
In below article from CNBC, a man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion in lucrative, high-risk transactions through small financial institutions, the U.S. Department of Justice said.
The massive transfer, which included hundreds of millions of dollars from foreign jurisdictions, occurred without proper oversight and without any Suspicious Activity Reports being filed, as the law requires, the DOJ said.
The man, 56-year-old Gyanendra Asre of Greenwich, Connecticut, pleaded guilty in Brooklyn federal court to one count of failing to maintain an anti-money laundering program in violation of the Bank Secrecy Act.....
Man pleads guilty in $1B scheme to dodge NY money laundering rules (cnbc.com)
