HSBC

FinCEN Files Reveal $2 Trillion in Suspicious Banking Transactions

| Importance: 9/10

On September 20, 2020, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, exposing over $2 trillion in suspicious financial transactions between 1999 and 2017. The investigation, involving 2,657 leaked documents and 2,121 suspicious …

FinCEN BuzzFeed News International Consortium of Investigative Journalists Jason Leopold Deutsche Bank +7 more money-laundering banking financial-crime regulatory-failure suspicious-transactions +4 more
Read more →

FinCEN Files Reveal $2 Trillion in Suspicious Banking Transactions

| Importance: 9/10

BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, revealing more than $2 trillion in suspicious banking transactions reported to the U.S. Financial Crimes Enforcement Network between 1999 and 2017. The files contained over 2,100 Suspicious …

FinCEN BuzzFeed News International Consortium of Investigative Journalists Deutsche Bank HSBC +4 more money-laundering banking financial-crime regulatory-failure suspicious-transactions +2 more
Read more →

'FinCEN Files' leak reveals banks flagged >$2T in suspicious transactions; U.S. warns SAR disclosures are unlawful

| Importance: 8/10

The ICIJ/BuzzFeed ‘FinCEN Files’ exposed a massive global banking corruption investigation, revealing over $2 trillion in suspicious financial transactions across 200+ banks between 1999-2017. The leaked 2,657 documents, including 2,121 Suspicious Activity Reports (SARs), showed systemic …

Financial Crimes Enforcement Network (FinCEN) International Consortium of Investigative Journalists (ICIJ) BuzzFeed News (original partner) Deutsche Bank HSBC +3 more money-laundering banking transparency financial-crime international-corruption
Read more →

HSBC Pays $1.9B for Money Laundering, No Executives Jailed

| Importance: 8/10

HSBC paid $1.9 billion for laundering money for Mexican drug cartels and violating sanctions against Iran, Libya, Sudan, and Cuba, but no executives faced criminal charges despite overwhelming evidence of intentional wrongdoing. The bank laundered at least $881 million for the Sinaloa and Norte del …

HSBC Lanny Breuer Department of Justice Mexican Drug Cartels Eric Holder +1 more money-laundering too-big-to-jail drug-cartels financial-crime impunity
Read more →