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Aware: 2020-09-21 12:16
Liau Chung-ren (“Cable Zuma” / “Scanpix”) nuotr.
Shares of many international banks fell on Monday, with investors concerned after a slew of posts from the international consortium of journalists ICIJ, Bloomberg reports.
Last weekend, the ICIJ released a large data analysis from the Financial Crimes Unit of the U.S. Department of the Treasury, FinCEN, on information about expected money laundering and circumvention of international sanctions by the world’s largest banks for 2017.
HSBC’s share price, one of the main targets of the study, fell 3.4 percent in Hong Kong trading on Monday, reaching its lowest level since March 2009.
Shares of Standard Chartered, also mentioned in this study, fell 3.8%.
Both banks have stated, following ICIJ publications, that they have significantly tightened their respective prevention measures in recent years.
Barclays, which caught the attention of investigators, was used to launder money and circumvent the sanctions of the Russian oligarch close to the Kremlin, Arkady Rothenberg.
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