CNN: Bank fined $25 million in terrorism probe

[JM]

<SNIP>
WASHINGTON (AP) -- Federal regulators fined Riggs Bank a record $25 million on Thursday for allegedly violating anti-money laundering laws in its handling of tens of millions in cash transactions in Saudi-controlled accounts under investigation for possible links to terrorism financing.

The civil fine against the midsize Washington bank with a near-exclusive franchise on business with the capital's diplomatic community is the largest ever imposed on a financial institution for such violations, experts said. It had been expected.
</SNIP>

Wouldn't it be interesting to see if any of the Saudis secretly flown out of the US on 9/12-9/13 were on the list?

If I had the money, I would place a large bet on it. I imagine I would be quite rich as well...

JM

[wishlist]

1. No mention about Bush's uncle Jonathan' Riggs Bank involvement

I read the article about this on USA Today that conspicuously omits informing readers about Jonathan Bush's affiliation with Riggs Bank=

http://www.riggsbank.com/Discover_Riggs/may31_00.html


http://www.usatoday.com/money/industries/banking/2004-05-14-riggs-fine_x.htm

[No Mandate Here.]

2. This is the bank run by *s Uncle.

Marvin, I think.

House of Bush = House of Saud

My "If - I - Had - the - Money" bet would be that this fact does not hit the mainstream press.

[Sven77]

3. Marvin Bush's Riggs Bank

911 - Marvin Bush's Riggs Bank to be fined by federal regulators .. CBS
For secret transactions with Saudi Arabia
http://cbs.marketwatch.com/news/story.asp?guid=%7B705F07F6%2DAEC4%2D41C6%2DB456%2DF62CBEC3B119%7D&siteid=mktw

from http://www.timnews.com/

[wishlist]

4. It's Jonathan Bush's Riggs Bank, not Marvin although Marvin is fishy too!

per this article explaining the business activities of these two men.

http://www.commondreams.org/views03/0204-06.htm

[sundancekid]

5. welcome to DU and thanks for the clarifying post

:hi:

[maddezmom]

10. Jonathon is shrub's uncle

check out this post in GD
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x1602186

[leesa]

13. Marvin. On the board of the company that provided "security" for WTC

Also, United. Hmmmm....

Can you say "Giant Con job on 9-11?"

[SpiralHawk]

16. Marvin Bush is in charge of the underage prostitutes

Ooops, excuse me. Marvin is the wrong pResidential brother for this particular sleaze. He has his own dark "Family Values" karma to work out.

The actual pResidential brother who is involved with underage prostitutes is Neil "Silverado Slim" Bush. Google overruneth with this --

http://www.cnn.com/2003/ALLPOLITICS/11/25/bush.brother.reut/

Bush brother's divorce reveals sex romps

Tuesday, November 25, 2003 Posted: 10:15 PM EST (0315 GMT)


HOUSTON, Texas (Reuters) -- Neil Bush, younger brother of President Bush, detailed lucrative business deals and admitted to engaging in sex romps with women in Asia in a deposition taken in March as part of his divorce from now ex-wife Sharon Bush.

[veganwitch]

6. i was looking for a bank when i moved to dc...

and stopped there. i didnt because they wanted to charge $6+ for a checking account!! bullshit.

after this scandel and the Bush connection, im glad i went with wachovia (and i get free checking because of were i work! and the atm is right across the street from my office)

[alfredo]

7. Bush's banking for the terrorists,

Bush's banking for the Nazi's. Do you see a pattern?

[DUreader]

8. $25 million? Seems like chump change , relative to big money

notice they stress that it is a 'record' fine for this particular offense but I believe this is a new law and that this may be one of the first few fines under the law. If it is the first fine than it would
of course be a record

[maddezmom]

9. BREAKING: Small Plane Crash Near BWI 10:28AM

BREAKING: Small Plane Crash Near BWI 10:28AM

May 14, 2004 10:24 am US/Eastern
A small plane carrying checks and other financial documents crashed into the yard of a home near Baltimore-Washington International Airport, killing the pilot.

~snip~

http://wjz.com/localstories/local_story_135102930.html

:shrug:...probably no connection, but thought I'd post.

[liveoaktx]

11. 2 Questions- Sibel Edmunds Tie? Joint Investigation report redaction?

First, Sibel Edmunds alluded to something that reminds me of this, can't find the link.

Second, article referring to bank and the blacked out 911 chapter
http://www.opednews.com/duncan_bush_should_cry_uncle_and_releas.htm

[KoKo]

12. She said something about "diplomats." That might be what flagged

in your mind. :scared:

[Tempest]

14. Jonathan Bush's second offense

Fined $30,000 in Massachusetts and several thousand in Connecticut for violating registration laws governing securities sales. He was barred from securities brokerage with the general public in Massachusetts for one year.

[mobuto]

15. Joe Albritton

The guy who effectively owns the Riggs National Bank, sits on the board of the George H. W. Bush Presidential Library, owns a number of local television affiliates, and is generally considered to be one of the leading bigshot Republican powerbrokers. What? He had secret, illegal dealings with the Saudis? Say it ain't so, Joe.

(For disclosure purposes, I should reveal that I also do business with Riggs Bank. They're still a hell of a lot better than Bank of America.)

[Nlighten1]

17. Is there a link to Banco Popular?

Anyone know who the board members are on Banco Popular?