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GLOBAL BANKING LAUNDERING 2 TRILLION USDs

GOLDBRIX

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
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#1
Leaked FinCEN Documents Show Global Banking Responsible for $2 Trillion in Dirty Money
The largest banks in the world are privy to trillion of dollars in money laundering, reinforcing the need for public blockchains and DeFi.
Key Takeaways

  • Banks have facilitated a minimum of $2 trillion of money laundering between 1999 and 2017.
  • The structure of finance is broken, as banks operate as the prime beneficiaries of money laundering as well as enforcers of anti-money laundering programs.
  • DeFi has the ability to fix this dynamic with accounting ledgers that can be accessed, tracked, and traced by anyone and everyone.
More here: https://cryptobriefing.com/leaked-f...nking-responsible-for-2-trillion-dirty-money/


ANOTHER SOURCE:
"...
Leaked documents are tied to dodgy transactions between 1999 and 2017

A new investigation by the International Consortium of Investigative Journalists (ICIJ) says JPMorgan Chase & Co., Deutsche Bank AG and several global banks kept profiting from powerful and dangerous players in the past two decades even after the US imposed penalties on these financial institutions.

The report, based on leaked documents obtained by BuzzFeed News and shared with the consortium, said that in some cases the banks kept moving illicit funds after receiving warnings from US officials.
The documents identified more than $2 trillion in transactions between 1999 and 2017 that were flagged by financial institutions internal compliance officers as possible money laundering or other criminal activity, the report said. The top two banks are Deutsche Bank, which disclosed $1.3 trillion of suspicious money in the files, and JPMorgan, which disclosed $514 billion, the analysis found.

Also read: HSBC, StanChart Hong Kong shares fall after ‘FinCEN’ leak

The investigation was based on more than 2,100 suspicious activity reports filed by banks with the US Department of Treasury’s Financial Crimes Enforcement Network.
The report, dubbed the FinCEN Files, was the result of an investigation by more than 100 news organisations in 88 countries, Buzzfeed said.

Bloomberg News wasn’t included in the consortium and hasn’t seen the leaked documents.

More Here: https://www.thehindubusinessline.co...ey-laundering-orders-icij/article32657156.ece
 

Buck

Trying Something Different!
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#2
it's all those darned cartels, they always need clean money

it's Covid related dontchaknow
 

WillA2

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#3
Well, I don't think anyone here at GIM is surprised by this. Banks have been laundering dirty money from their foundation.
 

GOLDBRIX

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
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#5
JP Morgan To Pay $1 BILLION In Record Settlement For Precious Metals Manipulation
 

AurumAg

Ag mirror of truth Aurum purity of mind
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#6
What if?

Part of the settlement is downward manipulating the PMs just one last time....

Seems like a pretty good time load up on Tulips!

JP Morgan To Pay $1 BILLION In Record Settlement For Precious Metals Manipulation
 

Cigarlover

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#7
jp morgan total assets are like 3.2 trillion or 3200 billion. I'm sure they have no problems transferring some digits into the treasury account.
Then the next time US gov needs a loan they have to pay 10% instead of 2%.