FinCEN Files: Investigation into Dirty Money Transfers from Big Global Banks

The ICIJ's investigation is based on thousands of reports of suspicious activity made to the US Treasury's financial police, FinCen, by banks around the world.

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At least $ 2 trillion in suspicious transactions were carried out between 2000 and 2017 by several major global banks.

This is revealed by an investigation by the International Consortium of Investigative Journalists, made up of 400 journalists from the media in 88 countries, including the investigation units of Radio France and the newspaper Le Monde. 

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For their investigation, the journalists of the ICIJ were able to obtain " 

 ".

These are top-secret documents, which U.S. bank internal compliance officials send to U.S. financial intelligence services when they detect questionable money transfers.

According to these documents, $ 2 trillion in suspicious transactions may have been carried out - dirty money linked to drugs, corruption, organized crime and terrorism.

Big banks are singled out like JP Morgan, Deutsche Bank, Bank of New York Mellon or HSBC.

However, they ensure that they make significant efforts to fight financial crime and comply with the laws in force.

This line of defense was not enough to reassure investors.

HSBC bank hit its lowest level on the stock market in 25 years after China threatened the establishment of sanctions over the revelations.

For its part, Deutsche Bank lost more than 3% of its value.

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