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September 21, 2020

Leaked Docs Show Major Banks Helped Criminals Launder Billions of Dollars
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A huge trove of leaked documents reveals how global banking giants
helped to launder vast sums of money for drug traffickers, Russian
oligarchs, weapons dealers and criminal networks around the world. Buzz
Feed News obtained more than 2,100 suspicious activity reports filed by
banks with the U.S. Treasury's Financial Crimes Enforcement Network, or
Fin CEN, accounting for some $2 trillion in suspicious transactions.

Among the new revelations: HSBC laundered over $880 million for Latin
American drug cartels, Barclays helped Vladimir Putin's associates avoid
financial sanctions on Russian oligarchs, and JPMorgan Chase helped
Donald Trump's former campaign chairman Paul Manafort move millions of
dollars between shell companies - even as Manafort faced charges of
money laundering and corruption.


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