Discover and read the best of Twitter Threads about #fincen

Most recents (24)

Perdue MAY have cleared the #LowBarr from his powerful cousin @SecretarySonny's corrupt boss Trump's NOT so independent DOJ & the #jayClayton's UBER #InsiderTraitorFriendlySEC in March

That was WAY B4 all of the following information was known

FYI 4 anyone unable to get behind pay wall on #Cardlytics #PerdueInsiderTrading scandal

#1- Congressional ethics rules doesn't prohibit individual stock trading.... insider trading is prohibited but hard 2 prove
My guess is that's why he was cleared by Senate ethics early
(2/) ImageImageImage
Read 24 tweets
Mitron, there is no corruption in BJP!

"When Mr Modi took office, he flew from Gujarat to the capital New Delhi in Mr Adani’s private jet — an open display of friendship that symbolised their concurrent rise to power."
Records show details of several wire transfers totaling $14.46 million being received by the #Adani firm from this Seychelles entity.
#FinCEN Files — In alert on shell firms, NY bank flags transfers to Adani from Seychelles

Not only does the Adani group borrow directly from banks, it also uses a part of that money to buy equity in subsidiaries – and then pledges those shares to raise further borrowings...
Read 26 tweets
From our #FinCENFiles investigation: Bank of America flagged $500K Michael Flynn's company received for his secret Turkish lobbying in 2016 as suspicious. But the bank didn't file a suspicious activity report w/#FinCEN until after Trump fired him
This new information highlights a major finding of the #FinCENFiles investigation: Banks often miss suspicious transactions when they occur.
The details in Bank of America’s May 4, 2017 suspicious activity report, or SAR, shed light on Flynn’s actions at a time when they, and his legal fate, are the subject of intense scrutiny.
Read 10 tweets
#FinCEN Files: 8 Big Takeaways From Our BuzzFeed News Investigation

1) Big banks around the world approve trillions of dollars of suspicious transactions despite their own staff’s warnings that they might be related to crime


3) Banks sometimes fail to take even basic steps to root out financial crime, such as determining whose money they are actually moving.

4) #HSBC, Europe’s largest bank, got a second chance after becoming a key financial conduit for narcotraffickers and money launderers...

5) Our investigation found that well before the MIRROR TRADES — one of the biggest money laundering schemes in memory — became an international scandal for #DeutscheBank, top executives there had been warned the bank was at risk of being exploited by criminals.

Read 5 tweets
🚨NEW investigation from the #FinCENFiles

VEB Russian Bank Linked To Spy Ring

The Russian bank VEB has long operated in the United States — despite dozens of suspicious activity reports outlining concerns that it was a threat to national security.…
Here's a suspicious activity report that has never been revealed nor released that JP Morgan Chase filed with #FinCEN on VEB…
Read 5 tweets
🚨Deutsche Bank showed “reckless disregard” & played a key role in helping Igor Kolomoisky launder >$750 million into the US, leading to dangerous factory conditions, unemployed workers and at least 4 steel mills that filed for bankruptcy.
Deutsche Bank has paid hundreds of millions of dollars in penalties in the past 3 years for violations of anti-#moneylaundering laws in the US, including moving suspicious payments for convicted pedophile Jeffrey #Epstein AFTER its own experts deemed him to be a high-risk.🤬
“It’s a reckless disregard of what the bank should be doing. They were looking at hundreds of millions of dollars. The bank was like the getaway car in a robbery.”~Thomas Creal, a forensic accountant who has assisted the @UN and the @DeptofDefense on #moneylaundering inquiries.
Read 5 tweets
I am still trying to make sense of the #FinCEN files & believe me it’s not easy. Yesterday I tweeted abt some specific stories I could find, & so far I haven’t changed my mind: apart maybe from the details on the DB Mirror trades, I don’t see anything significant *and* new.
But what about the actual files, now? Unfortunately, ICIJ only published 4508 items, 35bn$, so around 2% of the total. We’re missing a big chunk (not sure why, tbh. ICIJ says it’s because the rest has not enough details.) Let’s assume it’s representative – what does it tell us?
First obvious question: where is money going to and from where? Let’s chart the countries with more than 5% of the transactions.
Read 33 tweets
HSBC AT1 investors are not too happy about the risk of seeing the bank flagged as an "unreliable entity" by the Chinese authorities. Arguably, this move in AT1 is much more significant than the equity move (which happens in a sea of red anyway)
(& now, this isn't about #FinCEN)
& no*, sorry!
For those unfamiliar with the concept, what is it ?
It's a list Chinese authorities are said to be preparing which should stop companies on the list from engaging in import or export with china 1/2
Read 4 tweets
1/ "Boris did/not go to Perugia in Italy" - why does this matter? A thread.

Background first. On the 17th Sept, officials at Perugia airport said Johnson was there "in the last few days". Later they confirmed he "landed on the 11th at 2pm and left on the 14th at 7:45am".
2/ Downing Street denies he went at all. So the first issue is that either the officials at Perugia airport are lying or Johnson's staff at Downing street are.

This isn't the first and only time Johnson has lied so I'm calling dibs on it being him.
3/ The evidence is pretty obvious. The Flightradar site shows a couple of private jets flying in and out of Perugia's airport at approximately the times above - one even landed at an RAF base in Johnson's home constituency.
Read 22 tweets
BBC News - FinCEN Files: All you need to know about the documents leak

#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.

#JPMorgan allowed a company to move more than $1bn through a London account without knowing who owned it. The bank later discovered the company might be owned by a mobster on the FBI's 10 Most Wanted list.…
Evidence that one of Russian President Vladimir Putin's closest associates used Barclays Bank in London to avoid sanctions which were meant to stop him using financial services in the West. Some of the cash was used to buy works of art.…
Read 7 tweets
It’s hard to keep up with the #FinCEN files, so here’s an attempt to summarize the main articles published in Europe and the US.
On HSBC we hear of a Ponzi scheme for 30m$ for which the bank filed a SAR, but there are allegations that HSBC should have stopped it earlier.
In Sweden, DI reports that there are 76 SARs, split between some of the usual suspects: SEB 41, SHB 6, Nordea 1 and the mighty Lansforsakringar (I’m pretty sure I misspelled that one)… 26. But all for very small volumes (a few SEKm max, some only for a few kSEK)
Read 17 tweets
The #Fincen leaks are the latest finance corruption megaleak, following #ParadisePapers (2017), #PanamaPapers (2016), #SwissLeaks (2015), #Luxleaks (2014). It's a trove of 2100 "Suspicious Activity Reports" (SARs) from the US Treasury's Financial Crimes Enforcement Network.

The reporting on the leaks was shared among multiple journalism orgs, including @BBCPanorama, @Buzzfeed, and more than 100 other orgs in 88 countries, coordinated by the @ICIJorg, whose master report is a key to the whole leak:…

Here's the nut: the world's largest banks knowingly laundered billions of dollars for the worst criminals, looters and oligarchs in the world. The financial regulators knew they were doing it.

Read 39 tweets
#BREAKING:Now we find out that #FinCEN, which is charged with combating financial crimes, closely monitors suspicious activity reports(SARs) generated by banks, but does NOTHING to freeze the accounts involved

#TheResistance #SundayThoughts #FBRParty…
Think about that folks--#FinCEN is essentially a traffic cop who sits at the red lights, sees a bunch of people running the red lights, pulls NOBODY over, but calls his boss to report, "hey, many people are running the red lights." WTH??

#TheResistance #SundayThoughts #FBRParty
Read 3 tweets
#FinCenFiles Doc #segreti del Gov #USA rivelano che 5 banche globali #JPMorgan #HSBC #StandardChartered #DeutscheBank #BankNewYorkMellon hanno violato leggi sul riciclaggio spostando enormi somme di denaro illecito per personaggi oscuri e reti criminali…
#FinCenFiles #Italia 37 transazioni sospette per
+5 milioni dollari inviati e +600mila ricevuti #FollowtheMoney Image
L'#Italia per ora...a parte la #BCC 9 transaz con +5 milioni dollari inviati alla #HSBC Bank Middle East nel 2011 e alcune transazioni inferiori a 280 mila $...
il resto sono flussi da 600 dollari che il Gov #USA reputa sospette
Read 9 tweets
Laws meant to stop financial crimes instead allow it to flourish. If a bank files a notice that it may be facilitating criminal activity, it's all but immunized from prosecution, effectively allowing them to keep moving the money and collecting the fees.🤬…
Some banks treat suspicious-activity reports (SARs) as a get-out-of-jail-free card, filing SARs about transactions without halting them. Banks have filed numerous reports on the SAME clients, detailing their suspected crimes over YEARS while continuing to profit off them.
By December 2013, JPMorgan Chase had filed at least 8 SARs on accounts & companies controlled by Paul Manafort, flagging >$10 million, according to a #FinCEN research report. Paulie Walnuts was convicted of bank and tax fraud in 2018.🙄
Read 11 tweets
🚨NEW: For 2 years, I have been working on a massive, global financial investigation w/my @BuzzFeedNews colleagues based on secret US govt docs we shared w/@ICIJ, internal bank records & intvs w/100s of sources.

Here's Day 1 #FinCENFiles…

NEW: Massive new investigation into Deutsche Bank's mirror trades led by my colleague @TomBWarren based, in part on never before released internal US govt documents we obtained.…

NEW from the #FinCENfiles: Twenty-two thousand pages of never-before-released government documents. Hundreds of thousands of transactions. More than $2 trillion. A close accounting of @BuzzFeedNews’ unprecedented trove and how we did it…

Read 10 tweets
In arrivo i #FinCENFiles doc trasmessi dalle banche internazionali all'agenzia #USA anti-riciclaggio #Fincen che mostrano come vengono nascosti, riciclati e reinvestiti flussi miliardari sottratti alle casse degli stati nazionali, accumulati con traffici di droga, mafia, ecc
Il #FinCen ha avvisato che pubblicare i files sulle attività finanziarie sospette è un crimine che minaccia la sicurezza nazionale #USA e che compromette le indagini in corso delle forze dell'ordine #FinCenFiles Image
Read 3 tweets
1. Trump says his campaign is fine but then says he's thinking about putting a $100 million in. This is not consistent. So I conclude @POTUS @RealDonaldTrump is confirming his campaign is broke. But he's also broke personally IMO. So where will the money come from?
2. On June 9, 2016, Trump held an all hands emergency meeting at the Four Season Hotel in NYC because his campaign was broke. Here is Trump surrogate coming out of the meeting. @nytimes ran the story.
3. Paul Manafort left the meeting and met with the Russians who had said they were ready to provide additional help to Trump. What was the help they were providing? Money. The @USTreasury #FinCEN spotted it after the meeting. From the Natalie Edwards criminal complaint.
Read 6 tweets
@AWeissmann_ Since we're talking about Stone, and Facebook just shut down one of his social-media networks over there, perhaps it's time to discuss what the @FBI has known about how vulnerable they are since 1/2/20.

Also of interest to @GCHQ, @csiscanada @AIVD @CyberGovAU.
cc: @ericgarland
@AWeissmann_ @FBI @GCHQ @csiscanada @AIVD @CyberGovAU @ericgarland Let's start with the original 1/2/20 message.

With apologies for the length of the following, and the unpolished prose (it's the second of four sent over four days, and not remotely the longest)...

Here it is...
@AWeissmann_ @FBI @GCHQ @csiscanada @AIVD @CyberGovAU @ericgarland Data Mining Online Illegal Influence Networks
Read 115 tweets
1. I reported Trump was a Russian Mobster in early 2016. I had investigated one of his projects and it was mob IMO. The investor I investigated was convicted of money laundering.

People who can't explain Trump's conduct should just key fact he is a low-level member of a mob
2. crew into their analyses and see if how Trump acts then makes sense.

Our intelligence services know Trump is a Russian mobster. They can't brief Congress because they can't be honest with them. What we need to do is work to defeat Trump and everyone in the @GOP party.
3. Trump's mob connections are also in play in his dealings in Turkey. The money from that project IMO included money derived from terrorist activities via the Erdogan family oil conspiracy with #ISIS. IMO #FinCEN is likely being prevented by @stevenmnuchin1 from exposing
Read 7 tweets
Part 2: latest developments in Jeffrey Epstein case. Bill Barr and Trump's recent attempt to disrupt justice by removing US Attorney Geoffrey Berman. Berman oversaw a multitude of cases involving Trump allies, including Jeffrey Epstein, who he charged in July 2019. #opdeatheaters
On July 12, 2019, Berman's prosecution pressured US Labor secretary Acosta to resign over his handling of Epstein child rape cases 12 years earlier. He was also conducting a criminal investigation into Trump's lawyer, Rudy Giuliani and investigating Deutsche Bank. #opdeatheaters
On January 27, 2020, Berman told reporters Prince Andrew had provided “zero cooperation” with SDNY’s investigation into Epstein. On March 9, 2020, Berman said Andrew “completely shut the door” on voluntary cooperation & that his office was considering its options. #opdeatheaters
Read 59 tweets

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