FinCEN Files: document leak shows banks knowingly moving money for criminals - Memory holed in 3,2,1...

[Stasi]

A bunch of documents acquired by journalists primarily made up of leaked SAR reports (disclosure a financial institution makes to FinCEN notifying them of potential suspicious activity) to US FinCEN and other documents obtained through FOIA. Show major banks either knowingly moved money for criminals or turned a blind eye to suspicious activity. Brief summary from the BBC:

• HSBC allowed fraudsters to move millions of dollars of stolen money around the world, even after it learned from US investigators the scheme was a scam.
• JP Morgan allowed a company to move more than $1bn through a London account without knowing who owned it. The bank later discovered the company might be owned by a mobster on the FBI's 10 Most Wanted list.
• Evidence that 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.
• The UK is called a "higher risk jurisdiction" like Cyprus, according to the intelligence division of FinCEN. That's because of the number of UK registered companies that appear in the SARs. Over 3,000 UK companies are named in the FinCEN files - more than any other country.
• The United Arab Emirates' central bank failed to act on warnings about a local firm which was helping Iran evade sanctions.
• Deutsche Bank moved money launderers' dirty money for organised crime, terrorists and drug traffickers. More details (BuzzFeed News)
• Standard Chartered moved cash for Arab Bank for more than a decade after clients' accounts at the Jordanian bank had been used in funding terrorism.

https://www.bbc.com/news/uk-54226107
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https://www.theguardian.com/us-news...2tn-of-possibly-corrupt-us-financial-activity
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https://finance.yahoo.com/news/finc...0JOwPLEiT6cmIOaYGlAcoLChDESUT6uKo23PeY9chazf1
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Edit:
ICIJ summary: https://www.icij.org/investigations/fincen-files/what-is-the-fincen-files-investigation/
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Document Cloud link with some of the files journalists made public: https://www.documentcloud.org/public/search/Project: "FinCEN Files"

Do you think anything will actually come of this? My guess is after an initial flurry of stories on the news this will be quickly swept into the memory hole like other similar leaks in recent years.

 

[le fishe]

This is not only old as fuck (HSBC was fined only 20k for financing terrorism years ago) but the finCEM shit is probably biased as fuck towards western countries because of their inability to check up on offshore havens where most of the criminal's banks are held at. There is no way the UK holds more high level criminals banks than the Cayman Islands for example. Well, saying that, it is a british offshore territory so not far off.

 

[Alrakkan]

Nothing will happen. Anything that would happen would set a precedent for the regulation of the banks, which isn't going to happen because you can then stop most of the stupid bullshit preventing Twitch alternatives and YouTube alternatives from flourishing.

 

[Not Really Here]

This is not only old as fuck (HSBC was fined only 20k for financing terrorism years ago) but the finCEM shit is probably biased as fuck towards western countries because of their inability to check up on offshore havens where most of the criminal's banks are held at. There is no way the UK holds more high level criminals banks than the Cayman Islands for example. Well, saying that, it is a british offshore territory so not far off.

The most recent of these is from a suspected(not confirmed) Russian account closed in 2016.

And "leaked" from "FOIA" documents?
What a retarded way of saying "publicly available information".

Nothing will happen. Anything that would happen would set a precedent for the regulation of the banks, which isn't going to happen because you can then stop most of the stupid bullshit preventing Twitch alternatives and YouTube alternatives from flourishing.

Nothing DID happen, this is all from old ass shit.

 

[Alrakkan]

Nothing DID happen, this is all from old ass shit.

The Snowden Leaks were also old shit that compelled every website to at least give you a courtesy blowjob before riddling your computer with spyware. Anything less than banking regulation will be seen as just as weak as the courtesy blowjobs and the UK government doesn't need to seem weak right now, nor does it have an interest in forming earnest precedent that could be used to turn the internet into anything other than a turnkey mechanism for the corporations to make every last penny on the face of God's Earth.

If you want to act like a self-righteous contrarian, go for it. I don't agree with you, I think that there are vague glimmers of people within the executives of the West that want change to occur, that will take this coming to light as their chance, and that nothing will now come of it due to greater forces at play. I think there was the tiniest hope. If you want to say that there wasn't any, that the time came and went, then neither of us will change our minds and anything more than me telling you that you're a whiny contrarian bitch that has not an ounce of faith in your fellow man is just wasting my time.

 

[le fishe]

The Snowden Leaks were also old shit that compelled every website to at least give you a courtesy blowjob before riddling your computer with spyware. Anything less than banking regulation will be seen as just as weak as the courtesy blowjobs and the UK government doesn't need to seem weak right now, nor does it have an interest in forming earnest precedent that could be used to turn the internet into anything other than a turnkey mechanism for the corporations to make every last penny on the face of God's Earth.

Snowden wasn't publicly available though.

 

[Not Really Here]

The Snowden Leaks were also old shit that compelled every website to at least give you a courtesy blowjob before riddling your computer with spyware. Anything less than banking regulation will be seen as just as weak as the courtesy blowjobs and the UK government doesn't need to seem weak right now, nor does it have an interest in forming earnest precedent that could be used to turn the internet into anything other than a turnkey mechanism for the corporations to make every last penny on the face of God's Earth.

These aren't leaks.
These are public information anyone can ask for and receive.

We have shitloads of banking regulation, that's why the SARs were filed in the first place, more often than not regulation is how large organizations keep competitors out of any industry.

 

[Alrakkan]

We have shitloads of banking regulation, that's why the SARs were filed in the first place, more often than not regulation is how large organizations keep competitors out of any industry.

Tell Null that.

 

[Not Really Here]

Tell Null that.

He already knows.
The reason he has so much trouble is the very same regulations that cause SARs to be filed and force banks to be proactive in shutting down anything that even smells of fraud.
The payment processor issue is caused by the regulations that allow gatekeeping of new processors.

It's called "regulatory capture".

 

[Stasi]

And "leaked" from "FOIA" documents?
What a retarded way of saying "publicly available information".

Snowden wasn't publicly available though.

The leak is primarily FinCEN document which are not public. FinCEN statement from earlier this month: https://www.fincen.gov/news/news-re...awfully-disclosed-suspicious-activity-reports

One of the articles said some of the documents journos were looking at included ones requested through FOIA.

 

[Not Really Here]

The leak is primarily FinCEN document which are not public. FinCEN statement from earlier this month: https://www.fincen.gov/news/news-re...awfully-disclosed-suspicious-activity-reports

One of the articles said some of the documents journos were looking at included ones requested through FOIA.

Fix the OP.
" A bunch of documents apparently leaked to Buzzfeed acquired by media outlets, seems like they are mostly leaked reports to US FinCEN and other documents obtained through FOIA "

 

[Smug Chuckler]

And Joe Shmoe is denied service because he called someone a faggot and runs a hatesite.

 

[Coolio55]

More dodgy deals from HSBC.

I remember when they were running a bunch of anti-brexit ads I thought "Hey, weren't they done for being knowingly involved in the global drug trade? Big surprise they dislike strong borders..."

Didn't know they were also done for terrorism but I should've expected it lol.

 

[Mediocre]

HSBC just can't help themselves, I guess that's what happens when you're untouchable. Just pay a little fine, maybe scapegoat some low hanging fruit and keep on trucking.

 

[President Joe Biden]

All I see is a bunch of whiners, if you hate it so much start your own bank.
Just acquire $50,000,000 to start and get insured by the FDIC.

 

[Mediocre]

All I see is a bunch of whiners, if you hate it so much start your own bank.
Just acquire $50,000,000 to start and get insured by the FDIC.

>start my own bank to provided autistic people on the Internet a way to process credit cards
>get blacklisted by visa and mastercard anyway
>bank destroyed
the game is truly rigged.

 

[Alrakkan]

>start my own bank to provided autistic people on the Internet a way to process credit cards
>get blacklisted by visa and mastercard anyway
>bank destroyed
the game is truly rigged.

It's almost like revolutionary action is the only cause left of genuine change in the West.

 

[Getting tard comed]

Is this surprising to anyone?

If you owe the bank 100k the bank owns you.
If you owe the bank 1 billion you own the bank. And can do w/e the fuck you want.