Leaked documents released by the Financial Crimes Enforcement Network (FinCEN) have revealed the dirty secrets of some criminals and how they used the biggest banks in the world to move dirty money globally.
TheNewsGuru.com (TNG) reports the documents, involving about $2 trillion of transactions, were leaked to Buzzfeed News and shared with a group that brings together investigative journalists from around the world.
“The FinCEN files are more than 2,500 documents, most of which were files that banks sent to the US authorities between 2000 and 2017. They raise concerns about what their clients might be doing,” BBC.com reported.
According to the report, some of the banks the criminals used in the dirty money schemes are HSBC, JP Morgan, Barclays Bank, Deutsche Bank and Standard Chartered.
“One of Russian President Vladimir Putin’s closest associates used Barclays Bank in London to avoid sanctions which were meant to stop him using financial services in the West. Some of the cash was used to buy works of art. Over 3,000 UK companies are named in the FinCEN files – more than any other country,” the report reads.
However, the report did not specifically mention the names of the criminals involved in the dirty money schemes.