In 1996, in How not to be a money launderer, I wrote the following:
“Bank Leu is a legitimate Swiss bank with an office in Luxembourg. In 1993, it was convicted in a district court in California of laundering drugs money originating in Columbia. Bank Leu had no branches nor even representative offices in the USA, in fact it had no presence there at all.”
In 2003, another author, with the backing of a large publisher, wrote
“Bank Leu is a legitimate bank in Europe: it has no representation in the United States of any kind, or at least did not in 1993. … that in that year it was convicted of laundering Colombia drugs money in a California district court.”
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