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Old 07-09-2014, 05:37 PM   #1
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Default Exclusive: U.S. grills suspects in new strategy to build bank laundering cases

By Brett Wolf ST. LOUIS - U.S. prosecutorsareusing a newtactictocrack down on banksthat fail tofight money laundering: systematically asking suspects in a wide range of criminal cases to help them follow the money back to their bankers. The efforts are paying off in probes of banks and other financial institutions now filling the prosecution pipeline, according to Jonathan Lopez, who last month left his post as deputy chief of the Justice Departmentís Money Laundering and Bank Integrity Unit (MLBIU). "Asking criminals the simple question 'Who is moving your money?' can lead the Department of Justice to a financial institution's doorstep," said Lopez, who declined to identify specific targets. The four-year-old MLBIU, which includes a dozen prosecutors, is responsible for insuring that financial institutions adhere to U.S. laws including the main U.S. anti-money laundering law, the Bank Secrecy Act (BSA).

Exclusive: U.S. grills suspects in new strategy to build bank laundering cases
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