DIRTY MONEY POURS INTO THE WORLD’S MOST POWERFUL BANKS

A huge trove of secret government documents reveals for the first time how the giants of Western banking move trillions of dollars in suspicious transactions, enriching themselves and their shareholders while facilitating the work of terrorists, kleptocrats, and drug kingpins.

And the US government, despite its vast powers, fails to stop it.

Today, the FinCEN Files — thousands of “suspicious activity reports” and other US government documents — offer an unprecedented view of global financial corruption, the banks enabling it, and the government agencies that watch as it flourishes. BuzzFeed News has shared these reports with the International Consortium of Investigative Journalists and more than 100 news organizations in 88 countries.

These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which criminals have exploited them. Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees.

 
We just launched our biggest investigation ever

Yesterday, we released The FinCEN Files. It is a colossal piece of journalism. Secret documents show how criminals use famous banks to finance terror and death, and the government doesn’t stop it.
The FinCEN Files investigation reveals how drug war profits, money embezzled from developing countries, and savings stolen in a Ponzi scheme were allowed to flow in and out of these financial institutions despite warnings.
Over the next few days, we’ll be releasing more stories from this investigation. Here are the first few:
How Deutsche let dirty clients run rampant. When the $10 billion “mirror trading scandal” was exposed, little emerged about who its victims were or how much Deutsche’s executives knew. The FinCEN Files investigation shows how deep the rot went.
He was at the heart of two of the biggest dirty money scandals in history. These are his secrets. Alexander Perepilichnyy transformed himself from a money launderer to a whistleblower, and then he died. The company he founded began a new life in the criminal underworld. A FinCEN Files investigation.
Explore thousands of suspicious payments sent around the world. An interactive map shows $35 billion in transactions — reported as suspicious by banks and other financial institutions — making their way through the global financial system.

And if you’d like to read more about how BuzzFeed News pulled off this project — it started when we received a remarkable collection of secret government documents.

 
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Πηγή: buzzfeednews.com