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. Last Updated: 07/27/2016

Bank Probe Moves to Geneva




GENEVA -- U.S. federal investigators have begun a formal examination of possible Swiss links to the Bank of New York money-laundering scandal, a Swiss judge said Wednesday.


Geneva magistrate Laurent Kasper-Ansermet said his office had its first formal meeting and began cooperating with FBI investigators Wednesday in the widening money-laundering probe.


The meeting in Geneva came just a day after a U.S. federal grand jury indicted a former vice president of the Bank of New York, her husband and an associate in the first criminal charges filed in the international investigation.


A U.S. Embassy spokeswoman confirmed that FBI officials met Swiss investigators in Geneva but declined to give details.


Kasper-Ansermet, who is probing possible Swiss links in the scandal, said he expected to receive fresh information from U.S. investigators to help further the probe.


"We are now working hard to try to establish cooperation as speedily as possible between the two countries," he said.


By unsealing the indictments, investigators can now share information with foreign governments to determine how the vast sums of money traveled through Bank of New York accounts to financial institutions throughout the world.