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. Last Updated: 07/27/2016

Russia to Assist U.S. In N.Y. Bank Probe

Russia will provide U.S. investigators with information on violations by Russian banks that moved funds through the Bank of New York, an official said Friday.

U.S. prosecutors have charged that $7 billion from Russia was illegally funneled through accounts at the U.S. bank.

Russian Tax Minister Alexander Pochinok said Friday that his ministry had discovered violations among several Russian banks that transferred money through the bank. He said the information would be provided to U.S. authorities, Interfax reported.

Pochinok added, however, that the alleged violations did not appear significant.