A Banker Who Assisted Hide Mexican Drug Cash Is Assisting U.S. Prosecutors – Mexico Institute


12/18/2017 Reuters

piggy bank with coins

A former U.S. supervisor for Dutch banking giant Rabobank Groep says he served hide doable prison activity by clientele and is helping U.S. prosecutors in a prolonged-jogging investigation of whether the lender was tied to laundering hundreds of thousands of pounds in Mexican drug income.

The supervisor, George Martin, entered an agreement with the Justice Section that involves his cooperation with the probe of Rabobank’s U.S. retail functions as portion of a deferred prosecution, according to courtroom filings.

Martin, who labored as a compliance official in the bank’s California device from 2007 right until 2012, admitted to aiding a prison scheme to mask doable income laundering by account holders. Some of Martin’s superiors at the lender directed the prison conduct although some others had been at the very least informed of it, prosecutors alleged in courtroom filings manufactured general public Friday in federal courtroom in San Diego. The scheme ran from 2009 to at the very least his departure in April 2012, prosecutors claimed.

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