#FinCENFiles #Bitcoin
Bank, Money laundering, Bank of America, Suspicious activity report, Illegal drug trade, Financial crimes

FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering

On Sep 24, 2020
@BitcoinMagazine shared
RT @PeterChawaga: #Bitcoin is not inherently a tool for criminal activity. As the #FinCENFiles demonstrate, "regulated" institutions can be used for money laundering by bad actors as well. I wrote about how this news refracts Bitcoin's reputation on @BitcoinMagazine: https://t.co/HqnIZmC1qS
Open

The world's foremost financial institutions have been willfully laundering money, reminding us that Bitcoin has an unjust reputation.

bitcoinmagazine.com
On Sep 24, 2020
@BitcoinMagazine shared
RT @PeterChawaga: #Bitcoin is not inherently a tool for criminal activity. As the #FinCENFiles demonstrate, "regulated" institutions can be used for money laundering by bad actors as well. I wrote about how this news refracts Bitcoin's reputation on @BitcoinMagazine: https://t.co/HqnIZmC1qS
Open

FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering

FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering

The world's foremost financial institutions have been willfully laundering money, reminding us that Bitcoin has an unjust reputation.

Banks Suspected Illegal Activity, but Processed Big Transactions Anyway

Banks Suspected Illegal Activity, but Processed Big Transactions Anyway

A leak of thousands of “suspicious activity reports” that banks filed with regulators shows the widespread nature of illicit money flows.

Dirty money pours into the world’s most powerful banks.

Dirty money pours into the world’s most powerful banks.

Thousands of secret “suspicious activity reports” offer a never-before-seen picture of corruption and complicity — and how the government lets it flourish.

Leaked FinCEN files expose poor data security

Leaked FinCEN files expose poor data security

Leaked documents, dubbed the “FinCEN Files,” describe global money laundering of $2 trillion processed by many of the world’s biggest banks between 2000

Unchecked by global banks, dirty cash destroys dreams and lives

Unchecked by global banks, dirty cash destroys dreams and lives

From Ukraine to the United States, from Tunisia to Turkmenistan, a global ICIJ investigation details the punishing human cost of laundered trillions.

Banks (Not Bitcoin) Carry the Torch for the $2 Trillion Money Laundering Industry

Banks (Not Bitcoin) Carry the Torch for the $2 Trillion Money Laundering Industry

As the narrative goes, Bitcoin is supposed to make it easy for criminals to conduct illegal transactions. But the amount of money laundered through Bitcoin is peanuts compared to the ...

Banks are Better than Bitcoin (When It Comes to Money Laundering)

Banks are Better than Bitcoin (When It Comes to Money Laundering)

How banks proved that bitcoin-based criminal activities were peanuts in front of their massively scaled and inhumane financial crimes.

Banks feel more pressure to upgrade AML tech after 'Fincen Files'

Banks feel more pressure to upgrade AML tech after 'Fincen Files'

Artificial intelligence, machine learning and enhanced data sharing among lenders could go a long way toward spotting suspicious patterns in daily financial activity and bad actors, experts ...

Unchecked By Global Banks, Dirty Cash Destroys Dreams and Lives

Unchecked By Global Banks, Dirty Cash Destroys Dreams and Lives

A global investigation details the punishing human cost of laundered trillions. Read ICIJ's overview of what The FinCEN Files tell us.

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows

Shares in HSBC <HSBA.L> and Standard Chartered <STAN.L> fell on Monday to their lowest since 1998 after media reports that they and other banks, including Barclays <BARC.L> and Deutsche ...

In cryptic statement, FinCEN warns of leak, theft tied to SAR database, but whether a drip or a deluge, answer coming soon

In cryptic statement, FinCEN warns of leak, theft tied to SAR database, but whether a drip or a deluge, answer coming soon

The Skinny: The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), the country’s financial intelligence unit (FIU), has issued a statement about several impending news reports ...

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of

FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month

FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month

The US Financial Crimes Enforcement Network (FinCEN) now receives over 1,500 Suspicious Activity Reports, which concern cryptocurrencies like Bitcoin, every month.

FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger

FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger

FinCEN has assessed a civil money penalty for a California resident accused of violating money transmission laws.

Here’s what banking experts are saying in the wake of the FinCen leak

Here’s what banking experts are saying in the wake of the FinCen leak

Banking shares tumbled on Monday following the leak of reports on $2 trillion worth of suspicious transactions facilitated by major lenders and other financial institutions.

Beyond Deutsche: U.S. Banks Also Implicated in Dubious Partnerships Abroad

Beyond Deutsche: U.S. Banks Also Implicated in Dubious Partnerships Abroad

Investigators say big banks in the United States and elsewhere too often fail to do due diligence on investors.