Banker to be sentenced

The Vice president of a bank in the United States has pleaded guilty to collaborating with his wife to launder money on behalf of drug traffickers.



While his wife collected huge sums of money, the bank vice president Arnold Budhram deposited it into bank accounts in small sums to avoid filing currency transaction reports, which help detect money laundering.



Budhram and his wife Sabrina have pleaded guilty to money laundering in a US court and are awaiting sentencing.



The US government has said the Budhrams laundered over $US10 million.