BANK FIRES EXEC TIED TO MONEY LAUNDERING

The Bank of New York on Friday fired Lucy Edwards, one of two executives suspended amid allegations that Russian mobsters had used accounts at the bank in a major money laundering operation. Edwards was in charge of the bank's Eastern European operations in London. She was suspended Aug. 18, an...

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Bibliographic Details
Published inThe Columbian (Vancouver, Wash.)
Main Author NOELLE KNOX and CAROLINE BYRNE, Associated Press writers
Format Newspaper Article
LanguageEnglish
Published Vancouver, Wash Columbian Publishing Company 28.08.1999
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Summary:The Bank of New York on Friday fired Lucy Edwards, one of two executives suspended amid allegations that Russian mobsters had used accounts at the bank in a major money laundering operation. Edwards was in charge of the bank's Eastern European operations in London. She was suspended Aug. 18, and her home and office were searched by authorities three days later. Cary Giacalone, a spokeswoman for the Bank of New York, said Edwards was dismissed on Friday. She would not elaborate on the bank's decision, but Dow Jones Newswires reported that the bank suspected her of misconduct and falsifying records.
ISSN:1043-4151