The transcripts of the trial of Charles Taylor, former President of Liberia. More…

Your Honour, I believe as I tried to explain with the examples from the web page for the association, if I'm in Holland and I want to transfer money to someplace like Sierra Leone my ABN Ambro may not have an account direct relationship with a bank in Sierra Leone. So let's say Armenia. So if I want to transfer money to Armenia from ABN Ambro, they may have an account, both the bank in Armenia and ABN Ambro may have a relationship with a bank in Paris, so that bank is the correspondent bank that handles the transaction.

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