Names added to US money laundering list


WASHINGTON, DC -- Nauru and the Ukraine were added to the US Treasury’s list of countries that are primary money laundering concerns at the end of December, according to an action statement.

The US Treasury will prohibit financial dealings by US banks with most Nauru licensed institutions. According to the report, Nauru is home to many suspicious banks -- one 1,000 square foot wooden structure on the island houses 400 such institutions.

With the Ukraine, the US Treasury plans to enforce recor

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