Top executives at Riggs Bank were actively involved in the handling of Augusto Pinochet's accounts at the bank and instructed bank employees to keep the true ownership of his accounts a secret, according to news reports that cited a Riggs internal investigation. The internal investigation, reported by the Washington Post, revealed that Riggs employees working on the Pinochet accounts tried to hide his ownership of the accounts at Riggs and were asked by managers never to refer to Pinochet by name but to use pseudonyms instead. Concentration accounts One way in which Riggs employees reportedly hid the source of Pinochet's...
A Spanish judge's use of universal jurisdiction in a case involving a bank's alleged role in laundering money for Augusto Pinochet could affect how countries cooperate in prosecuting financial crimes.
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