Wednesday, May 29, 2013

Liberty Reserve's website cited anti-money laundering policy

Older versions of the website for Liberty Reserve, a company U.S. authorities claim was a money transfer hub for criminal gangs trafficking in drugs and child pornography, expressly said the firm "will not do business with anyone suspected of, or directly involved in money laundering."

U.S. prosecutors in an indictment unsealed on Tuesday said that is precisely what the Costa Rican-based Liberty Reserve was doing.

The website for Liberty Reserve has now been seized by the United States Global Illicit Financial Team and prominently displays logos for the Department of Justice, the Department of Treasury and the Secret Service.