Case Study: Deutsche Bank Money Laundering Scheme

April 27th, 2017 by Kara in Case Studies

By: Michelle Chan The Deutsche Bank Money Laundering Scandal After Russia’s incursion into Crimea, sanctions by the European Union and the U.S. against Russia forced President Putin to declare “offshorization” illegal in an attempt to keep Russian businesses at home and prevent the declining exchange rate of the ruble from damaging the Russian economy. As a result, Russian billionaires resorted to a more discreet way of funneling money offshore via mirror trading whereby a relatively small amount is traded in each transaction. Thus, creating the Deutsche Bank money laundering scandal. This ...

Moral Cents: Winter/Spring 2017 Issue

April 13th, 2017 by Kara in Journal

Dr. Kara Tan Bhala This issue of Moral Cents: Winter/Spring 2017 presents just two articles with the first being a large and comprehensive report evaluating the LIBOR manipulation five years after the discovery of this dismal practice. Regulators began investigating the manipulation of LIBOR by a colluding clutch of international banks in 2012, after the Financial Times published an article by a former trader recounting how LIBOR manipulation was common since at least 1991. Rishi Hardowar writes a thorough report on the scandal, examining its causes, the investigations, the resulting plethora of ...