Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2004
Closure amid money-laundering and arms-financing suspicions
The bank was closed amid suspicions that it was laundering money and helping finance North Korean arms-related activity. Authorities reportedly lacked sufficient evidence to begin a criminal trial.
2003
Austrian allegations of illicit activity
Austria's Interior Ministry alleged that Golden Star Bank had engaged in espionage, money laundering, distribution of forged currency, and illegal trade involving radioactive substances. The available source does not report a criminal conviction.