European Investigations of Russian Payments Calls Attention to Alleged Bribes and Money Laundering (IC)

During August and September 1999, Swiss, French, English, Austrian, and German authorities announced investigations concerning alleged bribe payments and money laundering involving high-level officials in Russia. In the wake of similar investigations in the U.S. concerning payments through the Bank of New York, the Swiss and French investigations have received much attention. The Bank of New York investigations were started in part due to communications from the British Government to the U.S. about its own investigations of some of the same people...[more]