Fraudstorytelling | Weekly filmtips | May 5, 2022
Title: LEAKED DOCUMENTS REVEAL UK BANKS HELPED FRAUDSTERS AND MONEY-LAUNDERING
Duration: 3:22
Year: 2020
Producer: BBC
Link: https://lnkd.in/eUtj6kBQ
Tagging: #Businessethics, #Financialfraud, #Integrity
Banks continue to process billions in illegal gains, kickbacks, and other “dirty money”, according to some secret US documents. The documents from the United States that were released span the years 1999 to 2017. The Financial Crimes Enforcement Network has received over 2,100 reports of questionable financial flows (FinCEN). In many cases, the banks had no idea, or knew too little, of who was behind the questionable transactions. Even the world’s largest banks have profited from gangsters, fraudsters, and corrupt regimes. For example, JPMorgan Chase, the largest bank in the United States, continued to move money for people and firms implicated in embezzling government funds in Venezuela, Malaysia, and Ukraine. The documents, known as the FinCEN files, were leaked to Buzzfeed News and shared with the BBC by the International Consortium of Investigative Journalists.
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