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Riggs Bank Under Scrutiny for Saudi Transactions

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Riggs Bank Under Scrutiny for Saudi Transactions

Business

Riggs Bank Under Scrutiny for Saudi Transactions

Riggs Bank Under Scrutiny for Saudi Transactions

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  • <iframe src="https://www.npr.org/player/embed/1862140/1862141" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Washington, D.C.-based Riggs Bank faces allegations that the Saudi Arabian embassy used the bank to launder millions of dollars. The FBI and the Treasury Dept. are investigating whether the bank failed to alert federal authorities to suspicious transactions, as required. The Senate Banking Committee is investigating. NPR's Ari Shapiro reports.

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