Yet Another Big Scam From Big Banks In Capitalism!

DIRTY MONEY POURS INTO THE WORLD’S MOST POWERFUL BANKS.

JPMorgan Bank

AND THE GOVERNMENT DOESN’T STOP THE BANKS.

THE FINCEN FILES

Thousands of secret suspicious activity reports offer a never-before-seen picture of corruption and complicity — and how the government lets it flourish.
BuzzFeed News; Getty Images; Alamy

Posted on September 20, 2020, at 1:01 p.m. ET – buzzfeednews.com

This is part 1 of our FinCEN Files investigation. To read more, click here.

A huge trove of secret government documents reveals for the first time how the giants of Western banking move trillions of dollars in suspicious transactions, enriching themselves and their shareholders while facilitating the work of terrorists, kleptocrats, and drug kingpins.

And the US government, despite its vast powers, fails to stop it.

Today, the FinCEN Files — thousands of “suspicious activity reports” and other US government documents — offer an unprecedented view of global financial corruption, the banks enabling it, and the government agencies that watch as it flourishes. BuzzFeed News has shared these reports with the International Consortium of Investigative Journalists and more than 100 news organizations in 88 countries.

These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which criminals have exploited them. Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees.

Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations — and the banks play a key role. “Some of these people in those crisp white shirts in their sharp suits are feeding off the tragedy of people dying all over the world,” said Martin Woods, a former suspicious transactions investigator for Wachovia.

About ivarjordre

painter, activist, writer, revolutionary, human
Dette innlegget vart posta under Capitalism, Kapitalisme, Our global world, Politic&Society og merkt , , , , , , . Bokmerk permalenkja.

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