________
________
________
from BBC News (UK)
Leaked documents involving about $2tn of transactions have revealed how some of the world's biggest banks have allowed criminals to move dirty money around the world. They also show how Russian oligarchs have used banks to avoid sanctions that were supposed to stop them getting their money into the West. It's the latest in a string of leaks over the past five years that have exposed secret deals, money laundering and financial crime. The FinCEN files are more than 2,500 documents, most of which were files that banks sent to the US authorities between 2000 and 2017. They raise concerns about what their clients might be doing. These documents are some of the international banking system's most closely guarded secrets. Banks use them to report suspicious behaviour but they are not proof of wrongdoing or crime. FinCEN is the US Financial Crimes Enforcement Network. These are the people at the US Treasury who combat financial crime. Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US. Suspicious activity reports, or SARs, are an example of how those concerns are recorded. A bank must fill in one of these reports if it is worried one of its clients might be up to no good. The report is sent to the authorities.
________
from DW News (Deutsche Welle)
Broadcasting & Media Production Company in Bonn, Germany
Leaked documents have yet again exposed the failure of governments to rein in money laundering. It’s no different in Germany, where the financial regulators seem to be struggling to get their act together. Mafia clans, despots, corrupt oligarchs, fraudsters — the list of criminals who channel large sums of ill-gotten wealth into the financial system every day is long. The United Nations estimates that around $5.5 billion (€4.25 billion) of black money are funneled into the legal system every day. The job is aided by large, multinational banks that execute the transfers, even though they are legally obliged to report any suspicious transaction to the authorities within 30 days.
________
from Institute for the Study of War
Nonprofit Organization in Washington, D.C.
The Kremlin is advancing Union State formalization. State Secretary of the Union State Grigory Rapota – a Russian national – said Minsk and Moscow “reached an understanding” on the need to further develop Union State integration roadmaps on September 20. Belarusian President Alexander Lukashenko’s ability to resist Moscow’s efforts to further formalize the Union State is likely degraded. The Kremlin will likely continue pushing for Belarusian constitutional amendments to formalize the Union State. Kremlin spokesman Dmitry Peskov reiterated Moscow’s support for Belarusian constitutional reforms without providing specific details on September 20. The Kremlin will likely continue leveraging Lukashenko’s vulnerability to integrate Belarus into Russia as ISW assessed.
________
from The Spokesman-Review
Newspaper in Spokane, Washington
________
________
No comments:
Post a Comment