Final Curtain for Cyprus Money-Launderer

The Tanzania-based FBME Bank, which has been described as one of the most notorious money-laundering operations in the world, has lost its final fight for access to the US electronic money transfer system, effectively putting its Cyprus unit out of business af... Read More...

Rogue Bank May Have Lost Fight to Stay Open

Ayoub-Farid, Fadi and Michael Norbert Saab, the beneficial owners of the Tanzania-based FBME Bank, whose Cyprus unit has been described as one of the most notorious money-laundering operations in the world, app... Read More...

US Shuts Down Rogue Bank

After a three-year court battle, a US district court judge in Washington, DC has in effect put a rogue Tanzanian bank out of business that was accused of laundering money through its Cyprus branch for a failed Indonesian bank, the Russian Mafia, the Lebanon-ba... Read More...