Private Banking

Private Banking: Raul Salinas, Citibank, and Alleged Money Laundering

Testimony Before the Permanent Subcommittee on Investigations, Committee on Governmental Affairs, U.S. Senate. Statement for the Record of Robert H. Hast Acting Assistant Comptroller General for Investigations Office of Special Investigations.

General Accounting Office October 1999

Private Banking: Raul Salinas, Citibank, and Alleged Money Laundering

This report addresses concerns about reports that Raul Salinas de Gotari, brother of the former President of Mexico, Carlos Salinas de Gotari, had allegedly been involved in laundering money out of Mexico through a U.S. bank, Citibank, to accounts in Citibank affiliates in Switzerland and the United Kingdom.

General Accounting Office October 1998

Private Banking: Information on Private Banking and Its Vulnerability to Money Laundering

This letter is a response to private banking activities in the United States and the vulnerabihity of such activities to money laundering. Although there is no generally accepted defintion, private banking has been broadly described as financial and related services provided to wealthy clients.

General Accounting Office October 1997