A large information leak concerning suspicious money transfers of around EUR 1,800 billion between 2000 and 2017 reveals that banks have repeatedly failed to prevent money laundering, says Yle.

Yle's MOT is involved in the international journalist group ICIJ, which investigated the leak.

In total, the network includes 110 media from 88 countries.

The information leak, designated as bank papers, consists of reports made by banks to the U.S. FinCEN, the U.S. money laundering authority.

Banks are required to report suspected cases of money laundering.

The data is said to have more than two trillion transfers.

The documents also contain the names of about a hundred Finnish companies and individuals.

According to Yle, Nordea is the only Finnish bank that is prominently included in the data.

According to the data, transfers worth more than EUR 150 million have been passed through Nordea's accounts as suspicious by other banks.

The majority of these transfers were made during 2013–17.

According to the data, Nordea has, at least in some cases, breached the banks' obligation to know their customers in order to prevent money laundering.

Nordea states to Yle that it does not accept the use of the bank for money laundering.

The bank also says it has taken a number of steps since 2015 to improve the prevention of money laundering and other financial misconduct.

Reporting suspicious credit transfers to the authorities does not necessarily imply that they involve money laundering or other criminal activity.

However, banks have a duty to report suspicious money transfers.

Some of the reports also lead to a money laundering investigation.

Russian owner of the Jokers under surveillance

Hockey team According to the leak, the Russian owners of the Jokers have been under surveillance for years.

Several money laundering reports have been made about Vladimir Potanin and his companies.

Potanin, the team’s main sponsor, has been classified as suspicious for tens of billions of euros.

The leaked material does not contain information on Jokers' money transactions.

Potanin did not want to comment on doubts about Yle.

Several announcements made about Terrafame's partner

The data also show that Trafigura, a partner of the state mining company Terrafame, has often been of interest to money laundering researchers.

Since 2017, Trafigura owns one third of Terrafame.

In connection with Trafigura, suspicious transfers worth several tens of billions of euros are being investigated.

Alarm bells have rang because Trafigura had links to corruption scandals around the world.

In addition, it has transferred several hundred million euros to tax haven companies that do not appear to have a real business.

Trafigura did not want to comment on doubts about Yle.

The request for comments was also rejected by Minister of Economic Affairs Mika Lintilä (center) and Minister of Labor Tuula Haatainen (sd).

Terrafame's activities are currently the responsibility of the Minister of Labor.