11 min listen
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
FromThe Breakdown
ratings:
Length:
23 minutes
Released:
Sep 22, 2020
Format:
Podcast episode
Description
Today on the Brief Stocks down, dollar up on COVID-19 resurgence fears People’s Bank of China says digital yuan needed to fight USD dominance 140,000 have claimed UNI tokens Judge stops Trump WeChat ban Nikola founder resigns Our main discussion: The FinCEN Files The FinCEN Files are a leaked cache of suspicious activity reports filed by banks with the U.S .Financial Crimes Enforcement Network. The more than 2,000 files, representing $2 trillion in transactions, were leaked to BuzzFeed News more than a year ago. BuzzFeed, in turn, shared them with the International Consortium of Investigative Journalists, who then helped distribute them to 108 publications in 88 countries. This episode provides an overview of the leaks and explains why they show that, despite lots of PR bluster, banks are happy to file their reports and then keep on banking likely money launderers.
Released:
Sep 22, 2020
Format:
Podcast episode
Titles in the series (100)
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