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Tiny Deutsche Bank Unit At Heart Of Money Laundering Investigation

PYMNTS

Citing several people briefed on the matter, the publication reported that the two-day raid last week of Deutsche Bank offices was aimed at finding evidence on a British Virgin Islands-based unit that was part of the bank’s Global Trust Solutions (GTS) business, which had been up for sale in March of 2016.

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Following The Madoff Money

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In an email provided to Bloomberg from Anthony Inder Rieden, CEO of Euro-Dutch, the company that managed Harley, via Euro-Dutch: “It shouldn’t be too difficult to figure out why Harley didn’t file a claim in the Madoff liquidation.”. But the truth, said Bloomberg , may be a bit more mundane.