Thousands of secret documents show banks waving trillions of dollars from questionable origins - including oligarchs, drug traffickers and terrorists.
Everything about the "FinCEN-Files":
Major
international
banks
, including German credit institutions, have moved
suspicious transfers
worth more than
two trillion dollars
, some of which they have not reported to the authorities at all or only long afterwards.
This emerges from
confidential documents of
the US government, which BuzzFeed News *
shared
for an
international research project with the journalists network ICIJ
.
FinCEN files: banks make profits with drug dealers, mafiosi and corrupt politicians
The documents show how banks are making profits with drug dealers, mafiosi and corrupt politicians.
And how you can still earn money with these customers even if you have already been punished for exactly that.
More than 400 journalists from 88 countries evaluated two trillion dollars in suspicious payments from 2000 to 2017 for 16 months: The
"FinCEN-Files"
.
The German office of
BuzzFeed News
, which is part of the Ippen digital network, was also involved.
There are more results of the international research in the story of the disclosure of the “FinCEN-Files” at BuzzFeed News Germany.
FinCEN files: Deutsche Bank, JPMorgan, HSBC - powerful banks at the center of research
The research focuses on
five of the most powerful banks in
the world:
JPMorgan, HSBC, Standard Chartered Bank, the Bank of New York Mellon - and Deutsche Bank
.
All banks stated that the fight against money laundering was taken very seriously, that internal measures had been greatly expanded in recent years, that they were cooperating with the authorities and that they were adhering to the applicable regulations.
But after evaluating the FinCEN files, there are clear doubts that all these efforts were effective enough.
+
Marcus Engert from BuzzFeed News dealt with the dubious sources of money from major banks in the extensive research into the "FinCEN files".
© Stefan Beetz / sbeetz.com
FinCEN-Files: Deutsche Bank has processed transactions in the billions
The
German bank has proven to anonymous customers of Danske Bank Estonia - handled transactions worth billions - despite suspicions of money laundering
.
And she moved $ 560 million for a Latin American construction company called Odebrecht, which shortly afterwards was accused by US authorities of the biggest international bribery scandal of all time.
What are the FinCEN files?
Here you will find answers to the most important questions about the FinCEN files. *
What kind of documents are those that were evaluated in the FinCEN files? *
+
FinCEN files: An illustration of the money flows that were evaluated in the international research project with the ICIJ.
© ICIJ / Alicia Tatone - BuzzFeed News
* BuzzFeed News Germany is part of the Ippen-Digital network and reports on corruption and abuse of power. If you want to reach the reporters: recherche@buzzfeed.com
