Big banks continue to launder money

Some large banks continue to carry out money laundering, despite regulations to combat it. This is demonstrated by the investigation of the world network of journalists ICIJ, which was distributed on Sunday night in the media, including the “Tages-Anzeiger”, a member of the ICIJ.

The International Consortium of Investigative Journalists (ICIJ), in which several hundred journalists from around 90 countries work, names the large globally active banks that have continued to transfer billions of amounts of opaque origin despite the money laundering fines in recent years: Deutsche Bank, JPMorgan, HSBC, Standard Chartered and Bank of New York Mellon.

The ICIJ bases its information on a data leak on reports of suspicious money laundering transactions to the Financial Crimes Enforcement Network (FinCEN) of the United States Department of the Treasury, accessed by the Nueva online portal. York BuzzFeed. This data has been processed for the last year and a half by the ICIJ research network, which also includes the Süddeutsche Zeitung and the German broadcasters WDR and NDR.

Switzerland also participates

The big banks would have accepted as clients suspected criminals, gangsters, fraudsters and sanctioned oligarchs, and would have made transfers for them. You can read on the ICIJ website that they reported these processes only hesitantly and sometimes years late. Therefore, the total amount of the transactions is around two trillion US dollars.

Information on Swiss credit institutions can also be found in databases on the web. Switzerland should affect 2051 transactions. About $ 3.7 billion had been received in relation to Swiss banks and about $ 4.2 billion had been recorded as outflows.

Many Swiss banks, such as Credit Suisse, UBS, Bank Vontobel, Raiffeisen, Pictet, Julius Baer, ​​Bank Sarasin and Zürcher Kantonalbank, are listed in the details of suspicious money transactions. In addition, numerous foreign banks based in Switzerland are mentioned in the archives.

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