N.Y. MTA Delays Note Sale in Wake of ABN AMRO Fines

Cataldo, Adam L.
February 2006
Bond Buyer;2/22/2006, Vol. 355 Issue 32324, p4
Trade Publication
The article reports on the decision of New York's Metropolitan Transportation Authority to delay the sale of short-term notes in March 2006, after learning that its liquidity provider, ABN AMRO Bank NV had been fined in connection with money laundering involving Iran and Libya. The government found that the bank had unsafe and unsound practices and systematic defects in internal controls to combat money laundering.


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