Leaked Files Show Banks’ Fishy Transfers

NTD Newsroom
By NTD Newsroom
September 22, 2020NTD Business
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A new report from the International Consortium of Investigative Journalists (ICIJ) shows that trillions in tainted dollars flowed through the world’s biggest banks.

The ICIJ and Buzzfeed got their hands on secret government documents called suspicious activity reports (SARs).

The records show that major banks JP Morgan, HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon kept profiting from shady individuals even after being fined for doing so.

Buzzfeed and other news outlets say it involves moving money for the likes of terrorists, drug kingpins, and corrupt leaders.

The leak is reportedly made up of over 2,100 SARs filed by banks and other financial firms with the U.S Treasury’s Financial Crimes Enforcement Network, or FinCEN.

Tom Cardamone, President and CEO of Global Financial Integrity speaks about the significance of this FinCEN file drop.

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