News (Media Awareness Project) - Liechtenstein: Money-Laundering Charges |
| Title: | Liechtenstein: Money-Laundering Charges |
| Published On: | 2001-07-20 |
| Source: | New York Times (NY) |
| Fetched On: | 2008-01-25 13:25:45 |
LIECHTENSTEIN: MONEY-LAUNDERING CHARGES
Two financial advisers in the tiny country have been charged with
laundering millions of dollars for the Cali drug cartel in Colombia, the
chief prosecutor said. Eugen von Hoffen, 49, and Rudolf Ritter, 47, were
charged with conspiring to hide revenues from South American drug
trafficking over a three-year period beginning in 1997. Liechtenstein began
cracking down on illegal money movements last year after it was listed by
an international task force as a safe harbor for dirty money.
Two financial advisers in the tiny country have been charged with
laundering millions of dollars for the Cali drug cartel in Colombia, the
chief prosecutor said. Eugen von Hoffen, 49, and Rudolf Ritter, 47, were
charged with conspiring to hide revenues from South American drug
trafficking over a three-year period beginning in 1997. Liechtenstein began
cracking down on illegal money movements last year after it was listed by
an international task force as a safe harbor for dirty money.
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