Dirty Title Contest - Two Trillion Dirty Money

I guess two trillion that's just peanuts.

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.
A review of the files casts a disturbing spotlight on the complex trail left by nearly $2 trillion (€1.7 trillion) of suspicious funds being maneuvered around the globe — and on the role of banks.
The FinCEN Files — dense bulletins full of technical information — are the most detailed USDT records ever leaked. They disclose suspicious transactions processed by major banks including Deutsche Bank, HSBC, JPMorgan Chase and Barclays.
SARs are not necessarily evidence of wrongdoing. They reflect the views of watchdogs within banks. Officially known as compliance officers, these individuals are obliged to report transactions which could possibly be connected to financial crime, such as money laundering or tax evasion, or activities involving clients with high-risk profiles or those who have had run-ins with the law. The USDT requires financial institutions operating in the US to file SARs with the Financial Crimes Enforcement Network, when they have reason to suspect a transaction may be in violation of regulations. The FinCEN is tasked with safeguarding the financial system from illicit use and money laundering. Failure to file SARs can expose banks to fines or penalties.
The dozens of prominent figures appearing in the documents read like a who's who of well-connected political insiders. They include Paul Manafort, the former Donald Trump campaign manager, who was convicted of fraud and tax evasion. JP Morgan reported that it moved money between Manafort and his associate shell companies as recently as September 2017, long after his ties to Russian-connected Ukrainian officials and suspected money laundering had been widely reported.
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. Over the past 16 months, 400 journalists from 88 countries burrowed into the leaked records, conducted interviews with investigators and victims, poured over court and archival records and reviewed data on millions of transactions that took place between 1999 and 2017.

Hush, hush, nothing to see here. Move on.
My 0.02 of peanuts.

12 users have voted.


snoopydawg's picture

But it will be interesting to see if anything comes of it. I read it yesterday and my 1st thought was how horribly corrupt this country is. Millions of people who are Not Important People are in prison for petty crimes while this shit is going on. That this is happening with the blessings of the government just makes it that much worse. I can't describe what I felt while reading it except to say that I was appalled by the corruption. If that's the right word.

I seriously doubt anything will come from this news. After all a governor can deliberately poison children and lie and cover it up and nothing happened to him. In fact the president went and gave him cover and told people that their water was okay to drink. People still believe he was the bestest president evah!!

7 users have voted.

“An addicted underclass is easier to control than one that is fully functional and aware of its oppression.” - The Elite
Centrism is the failed political philosophy of those “despised elites.” Centrism gave us Trump.

Lookout's picture



I think these are the original reports.

Is anyone surprised? The fact it was reported is the surprise.

8 users have voted.

“Until justice rolls down like water and righteousness like a mighty stream.”

ovals49's picture

illegal activities, as they have for decades, isn’t it reasonable to conclude that both the filers of SARs and the enforcement branches of our government that receive them are CO-CONSPIRATORS in the suspected illegal activities?

I would not be surprised to learn that much of our clandestine “National Security” activities are funded, off budget and without any accountability, through monies obtained through illegal activities laundered through the titans of the banking world. Drugs, weapons, uranium, human trafficking; the lucrative possibilities are endless in a system that has no effective oversight nor meaningful enforcement.

The rot and the stench runs deep, yet enforcement will now focus on prosecuting the whistleblowers instead of the perpetrators, again.

9 users have voted.

“ We will move out of the capitalist model of competition and into a collaborative relationship with each other and with our ecosystem, or we will go extinct. It is that simple.” Caitlin Johnstone

travelerxxx's picture

Be aware that Lucy Komisar is publishing that this BuzzFeed story has some issues due to the involvement of William Browder. I just this morning became aware of what she's written in this regard and won't have time today to check further, but Lucy Komisar is quite up on Browder's shenanigans over the years.

Here's what she's saying today.

1 user has voted.