Leaked FinCEN files show how banks enabled dirty money despite red flags
Global banks in the documents include Citibank SA, HSBC, JPMorgan, Deutsche Bank, Standard Chartered and Bank of New York Mellon
21 September 2020 - 06:25
London — Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, BuzzFeed and other media reported on Sunday, citing confidential documents submitted by banks to the US government.
The media reports were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the US department of treasury's Financial Crimes Enforcement Network (FinCEN)...
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