NASSAU, Bahamas — The Securities Commission of The Bahamas is investigating possible Bahamian links to the arrest in Miami, Florida, of German private banker Matthias Krull, who was recently charged in the United States in connection with an alleged scheme to launder more than $1bn linked to Venezuela’s state oil company, The Tribune reported on August 7.
Up until June, Krull was a senior relationship manager at private bank Julius Baer in Panama, managing assets for Venezuela. He and four other private bankers in Panama and The Bahamas left Julius Baer that month to join The Bahamas branch of Swiss private bank Gonet to focus on growing a Latin American client base, according to international reports.
“This is to advise the public that the Securities Commission of The Bahamas is aware of the recent arrest in Miami of banker Mr Matthias Krull and the allegations outlined in the USA criminal indictment related thereto, as well as speculation and reports circulating in various media,” an ad paid for by the Securities Commission notes.
“The commission noted that the matter potentially references regulated entities in The Bahamas and therefore the commission is investigating the matter and has also contacted the Central Bank of the Bahamas in this regard.” http://www.tribune242.com/news/2018/aug/06/bankers-us-arrest-sparks-securities-commission/
