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More than 2 billion. It was revealed that money dollars were suspected of being trafficked between 1999 and 2017, according to more than 2,500 documents leaked by the United States Department of the Treasury’s Financial Crimes Network (FinCEN).
The international stock exchanges fell yesterday under the weight of the revelations on the files of the FinCEN, the scandal of the money laundering.
A survey by the International Consortium of Investigative Journalists conducted by 108 international media outlets in 88 countries reveals astronomical amounts of dirty money circulating and laundering over the years through the world’s largest banking institutions, an international survey reveals.
The investigation is based on thousands of “suspicious activity reports” (SARs) to the US Treasury Financial Crime Network, FinCen, from banks around the world.
Also read: Revelation: Astronomical amounts of dirty money laundered in the world’s largest banks
After Panama and Paradise Papers, FinCEN Files
About 400 journalists from 88 countries participated in the 16-month investigation of FinCEN documents. The results, according to DW, were shocking: an unprecedented follow through on the dark paths of international financial transactions. The ICIJ investigation shows that with the help of Aktif Bank black money was laundered, which was then liquidated in the market. According to FinCEN records, Aktif Bank allegedly measured suspicious transactions worth approximately $ 91.6 million (€ 77.3 million) through its US partners.
Furthermore, the documents in question shed light on a controversial network of Turkish bank clients, including providers of pornographic material and a group alleged to have illegal business dealings with the Taliban in Afghanistan. Of course, the name that first caught everyone’s eye was Wirecard Bank AG, a German financial services provider involved in a multi-billion dollar fraud scandal that appears to be one of Aktif’s clients, according to BNY Mellon.
The latter deemed Wirecard’s transactions “high risk” and froze their accounts. But that didn’t stop Aktif from helping Wirecard, who transferred money from Wirecard through a secret account. According to the US bank, Wirecard made up to 12 “suspicious transactions” worth more than $ 110,000 through the Aktif account in question between May and July 2014. Wirecard thus carried out many transactions for clients in the porn industry. and games of chance.
Erdogan and his son-in-law
According to the prototype, despite the embargo, billions of dollars flowed to Iran through Turkey, according to a plan that, according to a US court, involved Erdogan’s son-in-law, Berat Albayrak, and himself. Turkish President. They are said to be involved in a scheme to circumvent the embargo on Iran, with billions of dollars transferred in exchange for bribes of 4% to Turkish politicians, totaling $ 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 operated with transactions made by the Turkish Halknabnk, while the American Standard Chartered Bank processed 37,533 transactions from the Zarab network for a total of $ 5.8 billion through the New York branch between 2007 and 2016. 
The evidence from the investigation is that in many cases the banks involved continued their suspicious transactions even when there were complaints or even “campaigns” for such illegal activities.
Fall in the stock markets
The pan-European STOXX Europe 600 Index posted the biggest losses since June 11, completing the third consecutive bearish session with cumulative losses of 4.37% in that period.
In Germany, the DAX index fell 4.4% to 12,542.44 points, in France the CAC-40 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%.
On the Athens Stock Exchange, the General Index closed with losses of 4.29% at 630.32 points, sinking to the levels of early September. Two thirds of the daily volume traded in the banking sector, with the sector index losing 6.2%.
In the United States, Wall Street was also hit hard, the Dow Jones losing 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 broader Standard & Poor’s 500 closed at -1.16% and the Nasdaq ended with a marginal loss of 0.13%.
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