In a suit filed on Thursday, Russia alleges that between 1996 and 1999 Bank of New York took part in a money laundering scheme that cost the Russian federation $22.5 billion dollars. This is not exactly a new story for Bank of New York, which has seemingly been involved in one Russian money laundering scandal or another for most of the last decade. Forbes provides a quick list of these past issues and the AFP offers a response to the case from BNY.

For a thorough run down of the intersection of BNY, Russia and scandal, try Russianlaw.org, which seems to relish these things.

-- MDT

Labels: Bank of New York, lawsuit, money laundering, Russia