Bloomberg Law
May 13, 2016, 1:36 PM UTC

Chinese Bank Accused of Forcing Out New York Whistle-Blower

Bloomberg Media

By Paul Panckhurst, Bloomberg News

A former Agricultural Bank of China Ltd. compliance officer in New York alleges she was effectively forced out of the lender after telling the Federal Reserve of money-laundering risks from international trade-finance transactions.

Natasha Taft, the bank’s former chief compliance officer in the city, is alleging in a lawsuit that she was punished by management for telling the Federal Reserve Bank of New York of her concerns in late 2014. Agricultural Bank, one of China’s biggest lenders, has denied the allegations.

On Thursday, U.S. District Judge Paul Engelmayer denied a motion by the lender ...

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