Riggs Bank Fined $25 MM

More Saudi Links to Bush Family Exposed

by Sander Hicks


The FBI is investigating a 9/11 money trail that leads to a Saudi princess and a major Washington Bank. The FBI is currently looking at how Saudi Princess Haifa's money passed through Riggs Bank and ended up with 9/11 hijackers Khalid al-Midar and Nawaq Alhazmi. Princess Haifa is the wife of Saudi Arabian ambassador to the US Prince Bandar bin Sultan.

This week, Riggs Bank is expected to be fined over twenty five million dollars, for their improper regulation of client accounts.

The is the largest penalty ever against a bank and marks what Riggs admits has been a consistent failure to comply with the Bank Secrecy Act, which requires financial institutions to report suspicious activities.

A senior U.S. counterterrorism official said, "'Anytime, you have suspicious money movements, and it’s not reported as needed, it hurts our overall efforts,'

in Congress's 9/11 Investigation Report, the Bush administration censored information on Riggs’ Saudi Arabian accounts. Attorneys for September 11th victims subpoenaed this information in 2004.

George w. Bush's Uncle Jonathan Bush is CEO & President of Riggs Investment Management Co. and head of J. Bush and Company, a Riggs Bank affiliate.

Sander Hicks

Associate Producer

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