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Dirty money: the big banks at the center of a new scandal - Walla! Business

2020-09-21T12:23:39.565Z


HSBC, Deutsche Bank, Bank of America and other leading banks are involved in a scandal uncovered by Bazafid, in which trillions of dollars were transferred from individuals, entities and criminal organizations. The main problem: the administration is not taking real steps to stop the phenomenon


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Dirty money: the big banks at the center of a new scandal

HSBC, Deutsche Bank, Bank of America and other leading banks are involved in a scandal uncovered by Bazafid, in which trillions of dollars were transferred from individuals, entities and criminal organizations.

The main problem: the administration is not taking real steps to stop the phenomenon

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Walla!

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Monday, 21 September 2020, 14:21

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The fact that banks are involved in "dirty money" transactions is not new.

Recently, former Malaysian Prime Minister Najib Razak was jailed for the MDB1 fraud deal, which also involved US Bank Goldman Sachs.

Now, according to information leaked to the Buzzfeed website, other large banks, including HSBC and Deutsche Bank, are facing a huge new trillion-dollar scandal.



According to Bazafid's research, many funds used in the underworld, terrorist canes and human traffickers were transferred through banks.

Despite the suspicion of the source of the money, the banks do not stop the inflows and allow the laundering.

The government, for its part, does not implement banking supervision, so the dirty money is piled up.

The investigation reveals thousands of suspicious movements in 88 countries around the world.

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HSBC

Banks include JPMorgan-Chase, HSBC, Deutsche Bank and Bank of America.

HSBC, for example, allows the Ponzi (Pyramid) scam to pass, even though the business is banned in three countries.

As part of this scam, $ 80 million was stolen from investors' money, mostly Latin.

Banks transferred funds from Viktor Kharponov, a senior Kazakh politician, even after Interpol issued an arrest warrant against him.



JPMorgan-Chase was the most well-publicized bank in the Bernard Madoff affair, with post-exposure determined to pay $ 1.7 billion, a relatively low amount.

Did anyone think the bank would fix its way?

Well, there they opened accounts for the most dubious types, like the people of the Russian mafia, who not only used the money to murder and trade in drugs, but also planted deep ties with North Korea.



The problem that emerges from the investigation is the desire, or unwillingness, of the United States government to stop the "Dirty Money" streams.

Traditionally the government does not stop bankers or make them pay for their crimes.

"Put handcuffs on them and see how they align," said Paul Peltier, a former senior U.S. Attorney General, "that's the only message that can be conveyed to criminals."

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Source: walla

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