The FinCEN files expose, published by US-based Buzzfeed in September 2020, revealed that trillions of dollars of suspicious money - including actual dirty money laundered by drug cartels, terrorists, embezzlers, and organised crime - is being moved across the world through banks. Five of the biggest banks were called out: JPMorgan Chase, HSBC , Standard Chartered, Deutsche Bank, and the Bank of New York Mellon. The report, done in collaboration with the International Consortium of Investigative Journalists, looked into thousands of leaked ‘Suspicious Activity Reports’ that banks are required to file to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). In addition, banks are also required to dig further into the transactions and terminate. How is it that dirty money still slips through, and in such large amounts, despite regulatory safeguards? WATCH the full episode of How Dirty Money Moves Around The World: https://youtu.be/neM_61WPqBc ALSO WATCH: Digital Yuan Explained: What It Will Mean To You?: https://youtu.be/s4tSP9-o7ZQ Why Companies Are Going Bankrupt: https://youtu.be/hD6HuoHmXHs Will The US Dollar Go Up Or Down? https://youtu.be/7iT_hlvKv4Q For more, SUBSCRIBE to CNA INSIDER! https://cna.asia/insideryoutubesub Follow CNA INSIDER on: Instagram: https://ift.tt/2C3sZiR Facebook: https://ift.tt/2PPEuNA Website: https://cna.asia/cnainsider
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