G. Kennedy Thompson of court a case in which it allegedly laundered over $378 billion in cash and traveler's checks from Mexican drug cartels in the years 2004 - 2006, during Thompson's tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine. Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the
Finance and Credit (bank) of problem banks. In August 2015 the bank registered an issue of additional securities worth slightly under 2 billion Ukrainian hryvnia. On 17 December 2015 the National Bank of Ukraine withdrew the banking license of Finance and Credit and liquidated the bank. KPMG is a professional services organizations in Ukraine. It has had a representation in Ukraine since 1992 and a wholly owned Ukrainian legal entity since 1997. International Money Transfer Service was founded in March, 2005 as an instant money transfer system of "Finance & Credit" Bank. Presently, AVERS network comprises 81 countries of the world. Finance and Credit