Youtor
Explainer How Dirty Money Is Laundered Through Banks
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=6CObba60It4
The FinCEN files expose, published by US-based Buzzfeed in September 2020, revealed that trillions of dollars of suspicious money - including actual dirty money laundered by drug cartels, terrorists, embezzlers, and organised crime - is being moved across the world through banks. • Five of the biggest banks were called out: JPMorgan Chase, HSBC , Standard Chartered, Deutsche Bank, and the Bank of New York Mellon. • The report, done in collaboration with the International Consortium of Investigative Journalists, looked into thousands of leaked ‘Suspicious Activity Reports’ that banks are required to file to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). In addition, banks are also required to dig further into the transactions and terminate the client relationship if matters are less than above board. • How is it that dirty money still slips through, and in such large amounts, despite regulatory safeguards? • WATCH the full episode of How Dirty Money Moves Around The World: • How Dirty Money Moves Around The Worl... • ALSO WATCH: • Digital Yuan Explained: What It Will Mean To You?: • Digital Yuan Explained: What It Will ... • Why Companies Are Going Bankrupt: • Why Companies Are Going Bankrupt? | M... • Will The US Dollar Go Up Or Down? • Will The US Dollar Go Up Or Down? | M... • • For more, SUBSCRIBE to CNA INSIDER! • https://cna.asia/insideryoutubesub • Follow CNA INSIDER on: • Instagram: / cnainsider • Facebook: / cnainsider • Website: https://cna.asia/cnainsider
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