article_snippet: (CNN)A Russian property developer, a Chinese outfit operating shell companies and Venezuelan officials ripping off the state-owned oil companies -- all of the state-owned oil companies are accused of coming to a bank in the European principality of Andorra to "wash" the state-owned oil companies money.
article_snippet: Now The U.S. Treasury is casting a spotlight on the alleged misdeeds of senior managers at the Banca Privada d'Andorra
article_snippet: This money-laundering network worked closely with high-ranking government officials in Venezuela, resident agents in Panama, and an Andorran lawyer to establish Panamanian shell companies," the U.S. Treasury's said.
article_snippet: the U.S. Treasury's said another senior official at BPA accepted bribes in return for processing bulk cash transfers for a Chinese money launderer, Gao Ping, who was arrested in Spain in September 2012.
article_snippet: Through his associate, Ping bribed Andorran bank officials to accept cash deposits into less scrutinized accounts and transfer the funds to suspected shell companies in China," it said in a statement.
highlights_snippet: The U.S. Treasury is casting a spotlight on the alleged misdeeds of senior managers at the Banca Privada d'Andorra .
  