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Israeli Helps Cracks Illegal Money Transfer to Iran

(Ynet News) Eitan Arusy was hired by the U.S. District Attorney's Office in Manhattan in 2005 to help investigate illegal financing operations tied to the Middle East. The intelligence analyst came across a lead suggesting suspicious funds were flowing to and from an Iranian nonprofit organization based in midtown Manhattan. Arusy's probe later merged with a Justice Department inquiry, widened to include some of Europe's most prominent banks, and ultimately expanded into a global inquiry into banks that actively evaded U.S. law in aiding sanctioned countries and moving some $2 billion undetected. In January 2009, Lloyds became the first of the three European banks to agree to a fine and forfeiture. Credit Suisse followed last December, and Barclays settled last month.
2010-09-06 07:55:55
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