[ad_1]
When the names The international banking giants appear alongside those of the terrorist organizations., like Hezbollah, Russian gangsters and drug cartels, it is obvious that there is something rotten in the international “kingdom of money”.
More than 2 trillion It was revealed that dollars of suspicious money were exchanged between 1999 and 2017, based on more than 2,500 documents leaked by the US Financial Crime Network. (FinCEN), of the ministry The United States Treasury.
The revelations, which became the reason for a huge crash in the stock markets, I certify one thing: black money flows abundantly through the largest banks in the world. Many times even when there are suspicions, complaints, even fines, the flow of black money does not stop and the cycle continues.
Banks like JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon, repeatedly made suspicious transactions, often knowingly.
The cases start with relatively simple and possibly painless, like that of British football team Chelsea owner Roman Abramovich, who used an offshore company acquire 12 players other teams, which may not be illegal, but is definitely unsportsmanlike and unethical. The case came to light, according to the BBC, which is involved in the international investigation, based on a Certificate of Suspicious Operation for the transfer of a billion dollars to companies-stamps owned by Abramovich. The payments “cycled” to lose track, while 9 of them were made through Cypriot companies.
HE Deutsche Bank case It is shocking. For years, he facilitated a $ 10 billion money laundering ring from Russia, which he bought shares in Russia, which he sold to European stamp companies, converting “dirty” rubles into pure euros and dollars.
When your executives American Bank of America, suspected of suspicious transactions DeutscheBank visited the latter’s London offices to discuss your concerns about money laundering in Russia, were more or less evicted from the building, according to the US news site Buzzfeed, which participated in the large search with FinCEN documents.
HE Bank of America sent to FinCEN a Confidential Activity Report (SAR Suspicious Activity Report) for Deutsche Bank, as any bank should do when it detects a suspicious transaction. SAR does not automatically mean that there is an illegal act, but in many cases signs and monsters are revealed.
In several cases the suspicious transaction is reported by the bank itself which handles it, as it has an obligation, whereas, as the BBC points out in this case, it is difficult to prosecute the bank afterwards.
The sins of the Deutsche Bank
Deutsche Bank’s “sins” are the subject of many pages of FinCEN documents, but the most striking is that the bank executives were in positions He had jurisdiction over the issue, without raising any issues, but nonetheless rose to the top of the hierarchy.
HE Christian SewingAccording to Buzzfeed, he was in charge of the control and supervision department when one of his teams gave the green light to the Moscow office, although the latter was unable to present a single list of its clients. Currently, Sewing is the CEO of Deutsche Bank.
Development of documents that many German bank executives, including current President Paul Achleitner, had proof of what was happening but did nothing.
The great research was done with FinCEN documents acquired by BuzZfeed and shared with the International Investigative Reporting Network and more than 100 media outlets in 88 countries, as well as data from a survey conducted by the German newspaper Süddeutsche Zeitung.
Erdogan, his son-in-law and κύ Mr. 4%
From the investigation we learned that despite the embargo, billions of dollars flowed into Iran, through Turkey, under a plan in which, as submitted to a US court, Erdogan’s son-in-law, Berat Albayrak and the Turkish president himself. They are involved in a scheme to circumvent the embargo on Iran, with billions of dollars transferred in exchange for 4% bribes to Turkish politicians., which are estimated at a total of $ 800 million.
Iran was illegally selling oil to Turkey and Turkey was paying for it through a gold smuggler with the proceeds from the sale of gold by a Turkish gold smuggler, Reza Zarab.
The network was working with transactions made by Turkish HalknabnkThe American Standard Chartered Bank processed 37,533 Zarab network transactions totaling $ 5.8 billion through the New York branch between 2007 and 2016.
HSBC and the “pyramids”
The surprising fact that emerges from the research is that In many cases, the banks involved continued suspicious transactions even when there were complaints. or even “bells” for such illegal activities. Typical is the case of HSBC, through which millions of dollars were negotiated in “pyramids”, that is, fraud cases where new victims entering the bay pay the previous ones. HSBC continued to operate despite being informed by the US authorities that it was a fraud.
JP Morgan allowed to a company to transfer more than a billion dollars, through an account in London, without knowing the owner of the money. Later, the bank discovered that the company that made the transfer may belong to it. to a mobster listed by the FBI.
HE Standard chartered had transactions with Arab Bank, for clients with accounts that had been used to finance terrorism.
In fact, many times bank employees and executives who bring in the light suspicious activities are victims, as characteristically writes International Consortium for Investigative Journalism.
In American Standard Chartered Bank, Two officials revealed money transfers to Iran, Libya, Sudan and Myanmar despite the embargo, but instead of being rewarded, they were threatened, terrorized and ultimately fired. Officials in their lawsuit stated that the bank had developed a very specialized system. to alter the names of recipients who were on the banned lists and expressed appreciation for the money spent on illegally funded attacks that resulted in heavy casualties.
Stock markets are shaking
HE pan-European index STOXX Europe 600 had the biggest losses as of June 11, while completing a third consecutive fall session with accumulated losses of 4.37% in that period.
In Germany DAX index fell 4.4% in 12,542.44 points, in France the CAC-40 It fell 3.7% to 4,792.04 points, while in Great Britain the FTSE 100 lost 3.4% to 5,804.29 points. In the “deep red” region and Europe, with the Italian FTSE MIB at -3.75% and the Spanish IBEX 35 at -3.4%.
At Athens Stock Exchange, the general index It closed with losses of 4.29% at 630.32 points, plunging to the levels of early September. Two thirds of the daily volume traded in the banking sector, with the sector index losing 6.2%.
TO United States, Wall Street also received a strong blow with the Dow Jones lose up to 900 points during the session. Towards the end of the session, however, the market absorbed some of the pressures, with the result that the industrial index closed 510 points (-1.84%). The broadest Standard & Poor’s 500 ended at -1.16% I Nasdaq finally it had a marginal loss of 0.13%.
Is the third successive meeting with negative signs in financial world, which is also affected by the “reluctance” shown by the Fed to proceed with new measures to support the US economy.
News Today:
The Unknown War with Turkey: How the Turks Never Found Greek Submarines
Great Britain: Boris Johnson closes pubs from 10pm
Mykonos: Savage Crowbar Attack on a Businessman
