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The FinCEN Scandal - Large Banks Moved 2 Trillion Dollars Of Dirty Money In "Suspicious Transactions"


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This has been in the news since Yesterday. Banks ranging from HSBC to Deutsche Bank allowed enormous amounts of "suspicious transactions" to go through their systems.


Many filed Suspicious Activity Reports (SARs) but NOBODY did anything about the transactions.





For more than a year, BuzzFeed News and its partner news organizations across the world mined the information on these tens of thousands of pages to map more than 200,000 transactions. (Here’s an explanation of how we did it.) In all, suspicious activity reports in the FinCEN Files flagged more than $2 trillion in transactions between 1999 and 2017. Western banks could have blocked almost any of them, but in most cases they kept the money moving and kept collecting their fees.


Edited by HistoryIsComplex
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