Top compliance managers, supervisory board members and senior executives of Italy's fourth largest bank are suspected of willfully violating the nation's rules against illicit finance as part of an alleged conspiracy to enrich themselves at the lender's expense.
More than 50 Italian financial institutions processed tens of millions of dollars on behalf of Russian politicians, oligarchs and criminals accused of misappropriating and laundering nearly $21 billion in state funds from 2011 to 2014.