ICBC Prosecution: Intersection of Customs Duty Evasion and Money Laundering

Last year, Spanish authorities raided the Madrid offices of the Industrial and Commercial Bank of China. Police say the bank was at the center of a European money laundering operation. ICBC is billed as the world’s largest bank with approximately $3.5 trillion in assets. That story is back in the news as new details are emerging that suggest that senior bank officials had knowl ...Read the full article