large banks implicated in the circulation of dirty money

After the Panama Papers, the FinCEN Files. A new international investigation by the International Consortium of Investigative Journalists (ICIJ) denounces the deficiencies in the regulation of the banking sector. According to this survey, astronomical amounts of dirty money have passed for years through the largest banking institutions in the world. “Profits from the murderous drug wars, embezzled fortunes of developing countries, and hard-earned savings stolen as part of a Ponzi scheme all got in and out of these financial institutions, despite warnings from the banks’ own employees.», Details the investigation carried out by 108 international media from 88 countries.

2000 billion dollars in transactions

The survey is based on thousands of “suspicious activity reportsDirected to the US Treasury’s financial police, FinCen, by banks around the world. “These documents, compiled by banks, shared with government, but kept out of public view, expose the yawning chasm of bank guarantees, and the ease with which criminals have exploited them.», Assures the American media Buzzfeed News as a preamble to its investigation. The documents relate to $ 2 trillion in transactions, which circulated between 1999 and 2017.

The investigation points in particular to five major banks – JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon – accused of having continued to transit funds from suspected criminals, even after being prosecuted. or convicted of financial misconduct. At the end of his research, Buzzfeed News affirm that “the networks through which dirty money travels around the world have become vital arteries to the global economy».

Informations “well known“Selon la Deutsche Bank

In a statement, Deutsche Bank assured that the Consortium’s revelations were in fact newswell known“From its regulators and said to have”devoted significant resources to strengthening its controls“And”be extremely attentive to respect (his) responsibilities and (his) obligations».

The investigation also points to the impotence of the American authorities in the regulation of these transactions. In a statement released before the investigation was released, the US Treasury Financial Police warned that the release of suspicious activity reports was a “crime” who “may impact the national security of the United States».


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