Secret U.S. government documents reveal JPMorgan Chase, HSBC & other big banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos & undermined democracy icij.org/investigations…
In some cases the banks kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecution if they didn’t stop doing business with mobsters, fraudsters or corrupt regimes. 
JPMorgan, the largest bank based in the United States, moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and Ukraine, the leaked documents reveal.
DATA
Confidential Clients
These are the people zipping money across the world thanks to the global banking system.
icij.org/investigations…
Confidential Clients
These are the people zipping money across the world thanks to the global banking system.
icij.org/investigations…
FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system.
Example: Paul Manafort, campaign manager for Donald Trump, JPMorgan shuffled $6.9 million in his transactions after he resigned amid a swirl of money laundering
Example: Paul Manafort, campaign manager for Donald Trump, JPMorgan shuffled $6.9 million in his transactions after he resigned amid a swirl of money laundering
Tainted transactions continued to surge through accounts at JPMorgan despite the bank’s promises to improve its money laundering controls as part of settlements it reached with U.S. authorities in 2011, 2013 and 2014.
Leaked documents, known as the FinCEN Files, include more than 2,100 suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network.
fincen.gov
fincen.gov
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ICIJ identify more than $2 trillion in transactions between 1999 - 2017 that were flagged by financial institutions’ internal compliance officers as possible money laundering or other criminal activity — including $514 billion at JPMorgan and $1.3 trillion at Deutsche Bank.
ICIJ identify more than $2 trillion in transactions between 1999 - 2017 that were flagged by financial institutions’ internal compliance officers as possible money laundering or other criminal activity — including $514 billion at JPMorgan and $1.3 trillion at Deutsche Bank.
Media partners obtained over 17,600 recorders from insiders and whistleblowers, court files, freedom-of-information requests and other sources.
Requests were also made by the U.S. congressional investigations into Russian interference in the 2016 Presidential election.
Requests were also made by the U.S. congressional investigations into Russian interference in the 2016 Presidential election.
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