Indian-American pleads guilty to Bank Secrecy Act charges in $1bn scheme ...Middle East

New York:  An Indian-American man admitted that he failed to maintain an anti-money laundering programme in violation of the Bank Secrecy Act as part of a scheme to bring lucrative and high-risk international financial business to a small, unsophisticated credit union. Gyanendra Asre, 56, a certified anti-money laundering specialist from New York, is scheduled to be sentenced on May 3, a Department of Justice release stated on Wednesday. According to court documents, from 2014 to 2016, Asre was a member of the supervisory board of the New York State Employees Federal Credit Union (NYSEFCU), a financial institution that was required to have an anti-money laundering program. Through the NYSEF

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