User talk:Avaiki/Clearstream

Section 2.3 >

"$1.5 trillion math errors"

Bloomberg Business Week said, in 2001, "Earlier this year, Clearstream, which handles the back-office paperwork for some 40% of European stock and bond trades, was found to have overstated its assets in custody by $1.5 trillion. (It has $6.5 trillion.) If Clearstream makes $1.5 trillion math errors, customers are understandably nervous--and some have moved to rival Euroclear." [1]. According to investigative journalist Lucy Komisar, Clearstream is audited by KPMG, one of the largest global accounting firms. KPMG declared that it found "no evidence" to support the allegations made by Denis Robert and Ernest Backes, although its report was not made public.

See > http://www.businessweek.com/magazine/content/01_23/b3735151.htm

Section 6.3 >

Bin Laden's Bahrain International Bank

Bahrain International Bank, which has been suspected of moving Osama bin Laden's money, had an account number in Clearstream, according to records supplied by Ernest Backes [9].