________
________
________
from DW News (Deutsche Welle)
Broadcasting & Media Production Company in Bonn, Germany
The FinCEN files are the result of extensive international research on money laundering and financial crime. They show how dirty money is shuffled around the world and how banks fail to stop this flow of money. The unchecked movement of dirty money may not register as an immediate threat in a world beset by headline-grabbing crises. But the consequences are profound, as narcotraffickers, smugglers and Ponzi schemers shift illicit profits beyond the reach of authorities, and despots and corrupt captains of industry swell their own ill-gotten fortunes and consolidate power, aided by the powerful and the banking system. In 2019 the US media outlet BuzzFeed News obtained a large cache of secret US Department of the Treasury (USDT) financial records and shared them with the International Consortium of Investigative Journalists (ICIJ). These are the FinCEN Files, documents from the USDT's regulatory bureau for safeguarding the financial system — the Financial Crimes Enforcement Network.
Leaked documents shed a light on Deutsche Bank's central role in facilitating financial transactions deemed suspicious. Many of these could have enabled the circumvention of sanctions on Iran and Russia. Germany's largest bank Deutsche Bank is no stranger to scandals. But the leaked FinCEN files suggest the bank was aware it was facilitating suspicious transactions amounting to over $1 trillion dollars, including for a period after it had promised to clean up its act. The FinCEN files are a huge cache of secret reports detailing suspicious financial activity, filed by banks to the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department (USTD). BuzzFeed News obtained the files and shared them with the International Consortium of Investigative Journalists (ICIJ). Over the past 16 months, 400 journalists from 88 countries have been investigating the documents. ... Deutsche Bank accounts for 62% of all Suspicious Activities Reports (SARs) filed to FinCEN in the leaked documents.
________
from The Spokesman-Review
Newspaper in Spokane, Washington
________
________
from Sputnik
RIGHT-CENTER BIAS, MIXED, Broadcasting & Media Production Company out of Moscow, Russia
French President Emmanuel Macron has urged Turkey to restart bona fide talks over the Eastern Mediterranean region, shortly after threatening with sanctions and calling on the European Union to rise jointly against Ankara. Ankara earlier accused France, and the EU at large, of hampering solving problems in the disputed Eastern Mediterranean, where both Turkey and Greece claim energy exploration rights.
It appeared that with the emergence of Coronavirus, Brexit had drifted from the nation’s attention. However, now it has reemerged with a vengeance following the introduction of Boris Johnson’s controversial Internal Market Bill. UK Prime Minister Boris Johnson appears certain to move forward with legislation that has been the subject of considerable acrimony in recent weeks between Britain and the European Union. Despite arguing himself that “the rules-based international order which we uphold in Great Britain is an overwhelming benefit for the world as a whole,” his own government has admitted that the so-called Internal Market Bill will breach international law. Northern Ireland Secretary and Conservative party MP, Brandon Lewis, told MPs in early September that the bill would breach international law in a “very specific and limited way.”
________
No comments:
Post a Comment