Congress continues to scrutinize Russian efforts to influence the U.S., even after the Mueller report was submitted.
An Austrian bank implicated in various money laundering scandals became the subject of a House Intelligence Committee hearing this week when Representative Jackie Speier of California asked about its connections to Russia and the financing of a failed Trump real estate project.
The Austrian bank is just one in a handful of European banks, including Danske Bank and Deutsche Bank, that have received increased scrutiny over the past several years following allegations of money laundering and Russian influence. Raiffeisen was named in an Hermitage Fund report submitted to prosecutors in Austria this month that contained allegations of money laundering. The bank also helped finance a 2007 Trump Tower project in Canada.
“The Raiffeisen Bank actually funded a Toronto Trump Project for $300 million, and never came back after that project went bankrupt, to secure what it could in bankruptcy, in terms of the return of their funds,” Speier added.
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