Daniel R. Alonso quoted in Global Investigations Review article, “Bank settles with DOJ over scheme to launder bribes”
Global Investigations ReviewDaniel R. Alonso
Daniel R. Alonso was quoted on May 1, 2020 in a Global Investigations Review article, “Bank settles with DOJ over scheme to launder bribes,” which discussed Bank Hapoalim’s $30 million settlement to resolve money laundering allegations for its part in a bribery scandal involving the Fédération Internationale de Football Association (FIFA).
Alonso noted, “It’s important for private banks to have strong anti-money laundering internal controls to understand who their customers are and what their clients’ source of wealth is. The bank needs to be clear of where that money came from.”