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UK-based bank Lloyds TSB has agreed to pay a $350m penalty to US authorities over financial transfers that violated US sanctions.
The US Justice Department said Lloyds TSB had acknowledged "criminal conduct" and agreed to forfeit the funds in return for an end to its investigation.
Stripping is the practice of removing wire transfer information that would identify that the transfers originated from a prohibited source.
Originally posted by projectvxn
reply to post by skibtz
And yet Chase Manhattan, IBM, Standard Oil, and a whole host of other American companies and individuals(G.H.W. Bush's father Prescott, W's Grandaddy) are all proven guilty of having financed, and supplied the Nazi regime. Treason is business as usual and certainly not something new to the US or UK
[edit on 10-1-2009 by projectvxn]