This is a BFD -> Reading --- will be writing on this topic in the coming days. #fincenfiles
For now, Financial Crimes Enforcement Network, or FinCEN, was breached (insider most likely) and a trove of Suspicious Activity Reports compromised
icij.org/investigations… via @ICIJorg
#fincenfiles
The data shared with journalists - a consortium, led by BuzzFeedNews and ICIJ worked two years on the data and concluded:
Global financial giants have moved a flood of dirty money tied to mobsters, fraudsters and corrupt regimes.
#fincenfiles
Big banks shift money for people they can’t identify and in many cases fail to report suspect transactions until years after the fact.
Government fines and threats of criminal prosecutions against banks haven’t stopped a tide of illicit payments.
#fincenfiles
Lots of squirming in the board rooms of Bank of America, Citibank, JPMorgan Chase, American Express, Standard Charter, HSBC
#fincenfiles -- the banks and their SARs
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.