Deadly Terror Networks And Drug Cartels Use Huge Banks To Finance Their Crimes. These Secret Documents Show How The Banks Profit.
link
summary
The article titled 'The FinCEN Files' investigates a massive financial scandal and exposes how major banks facilitate money laundering for criminal networks. The investigation, based on leaked government documents, reveals that global financial institutions, including JPMorgan Chase, HSBC, and Deutsche Bank, allowed more than $2 trillion in suspicious transactions over a period of nearly two decades. The article highlights specific cases, such as drug cartels and terrorist financing, where the banks failed to report suspicious activities to authorities. It sheds light on the weaknesses in the financial system and raises questions about the effectiveness of current anti-money laundering regulations and enforcement. The 'FinCEN Files' investigation demonstrates the extent to which banks facilitate illicit financial flows, undermining efforts to combat global organized crime.