Recently-unsealed court documents have thrown up allegations of money laundering and “unsafe banking practices” that led to the forced closure in January of Miami-based Hamilton Bank, which provided correspondent services to many offshore banks.
This activity included receiving deposits of approximately $1.9 billion per year via courier from Latin American countries without conducting any checks as to its legitimacy, it has been alleged.
Articles Banks & Trusts Featured Money Laundering USAMarch 31, 2002
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Adolfo Martinez Alexander H. Finance Co. Antonio Arbulu Carlos Bernace Dwight McKey