'FinCEN' documents reportedly show major banks moved vast sums of illicit money

The investigation points in particular to five major banks - JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon - accused of continuing to move assets of alleged criminals, even after being prosecuted or convicted for financial misconduct.

"The networks through which dirty money traverse the world have become vital arteries of the global economy," Buzzfeed News reported. In a statement, Deutsche Bank said that the ICIJ's revelations were"well known" to its regulators. The bank also said it had"devoted significant resources to strengthening our controls," as well as focused on"meeting our responsibilities and obligations."

The investigation also highlighted the American authorities' lack of power in regulating dirty financial transactions. In a statement released prior to the investigation's publication, FinCEN said that the"unauthorised disclosure of SARs is a crime that can impact the national security of the United States."

You are seriously quoting Buzzfeed?

This is why they're hating Blockchain technology.

Ah, good to see the regulator more concerned with the leaked documents showing decades of financial crime and less about decades of financial crime 🙃

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Icare staff got tickets to Buble concert, flights and shopping vouchersSenior staff at the besieged state insurer accepted gifts worth about $65,000 since 2015 from major contractors, including Capgemini, PwC and KPMG, documents show. pallavisinghal_ The gravy train. pallavisinghal_ That's just outright corruption. I thought it was stamped out in the public service 30 years ago. It seems not. Gladys, get onto it hard before it becomes endemic. pallavisinghal_ GladysB do something about the icare criminals and Dom_Perrottet - now. What are you waiting for? Your inaction only signals your involvement.
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