FinCEN Files: Secret Documents Detail Failures of Global Banking Industry

[MRM]

Banks watched on as millions of dollars of dirty money was funnelled through the global financial system. Leaked documents detail how over $2 trillion worth of dirty money has been funnelled through the world’s biggest banks, as published by Buzzfeed. Over 2,500 documents, including over 2,000 suspicious activity reports (SARs), document how authorities were provided with evidence and failed to act.

The FinCEN Files are unprecedented. In 2016, the Panama Papers documented how the world’s wealthiest avoided tax with the help of law firm Mossack Fonseca. A year later, the Paradise Papers revealed further offshore dealings to the benefit of politicians and other public figures.
Source: https://decrypt.co/42448/fincen-files-secret-documents-detail-failures-of-global-banking-industry