Bank, Money laundering, Finance, Illegal drug trade, USA PATRIOT Act, Bank of America

Unchecked by global banks, dirty cash destroys dreams and lives

On Sep 20, 2020
@WillauerProsky shared
RT @ICIJorg: At the heart of the #FinCENFiles are real people – stories of parents who've lost savings, Olympic athletes cheated of victories, families mourning sons and daughters, @willfitzgibbon reports. https://t.co/GxOWP4ZkjR
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From Ukraine to the United States, from Tunisia to Turkmenistan, a global ICIJ investigation details the punishing human cost of laundered trillions.

www.icij.org
On Sep 20, 2020
@WillauerProsky shared
RT @ICIJorg: At the heart of the #FinCENFiles are real people – stories of parents who've lost savings, Olympic athletes cheated of victories, families mourning sons and daughters, @willfitzgibbon reports. https://t.co/GxOWP4ZkjR
Open

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.

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.

Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists

Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists

The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system.

Combating Money Laundering and Other Forms of Illicit Finance: Regulator and Law Enforcement Perspectives on Reform

Combating Money Laundering and Other Forms of Illicit Finance: Regulator and Law Enforcement Perspectives on Reform

Statement by Section Chief Steven M. D’Antuono, Criminal Investigative Division, before the Senate Banking, Housing, and Urban Affairs Committee

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

Taking stock of 2018’s money laundering scandals: When is enough enough? (Part 2)

Taking stock of 2018’s money laundering scandals: When is enough enough? (Part 2)

A systemic problem persists in banks’ ability and willingness to stop dirty money from flowing through the financial system. But when will it stop, or even diminish?

Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses

Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses

Federal authorities are focused on whether the bank complied with anti-money-laundering laws, including in its review of transactions linked to Jared Kushner.

OCC Fines Capital One $100M Over AML Lapse

OCC Fines Capital One $100M Over AML Lapse

The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in the company’s Bank Secrecy Act and anti-money laundering ...

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 ...

FinCEN Fines Ripple Labs Inc. in First Civil Enforcement Action Against a Virtual Currency Exchanger

FinCEN Fines Ripple Labs Inc. in First Civil Enforcement Action Against a Virtual Currency Exchanger

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO-NDCA), assessed a ...