Leak reveals $2tn of possibly corrupt US financial activity - Politics Forum.org | PoFo

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#15121917
The documents are said to suggest major banks provided financial services to high-risk individuals from around the world, in some cases even after they had been placed under sanctions by the US government.

Thousands of documents detailing $2 trillion (£1.55tn) of potentially corrupt transactions that were washed through the US financial system have been leaked to an international group of investigative journalists.


According to the ICIJ the documents relate to more than $2tn of transactions dating from between 1999 and 2017.


A separate report details over $1bn in wire transfers by JP Morgan Chase that the bank later came to suspect were linked to Semion Mogilevich, an alleged Russian organised crime boss who is named on the FBI’s top 10 most wanted list.


According to BBC Panorama, the British bank HSBC allowed a group of criminals to transfer millions of dollars from a Ponzi scheme through its accounts, even after it had identified their fraud.

https://www.theguardian.com/us-news/202 ... l-activity

Hey give me some crumbs. I want easy money too.
#15122018
I'm not surprised banks are cheerfully doing more crime. When HSBC was found guilty of laundering money for drug cartels it was fined 20% of it's annual revenue and no person was punished at all. It's punishment was lower than the tax burden of many legitimate businesses.
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