Fines for Riggs

The US Federal Reserve has ordered Riggs Bank to establish corrective measures to prevent money laundering. The US Treasury has fined the Washington-based bank $25 million for its handling of millions....

Click to view the full article


By: Stephen Harris
January 9, 2005
The US Federal Reserve has ordered Riggs Bank to establish corrective measures to prevent money laundering. The US Treasury has fined the Washington-based bank $25 million for its handling of millions....