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The investigation includes banks JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon.
The international consortium of investigative journalists ICIJ has published a report on the world’s largest banks that laundered money in Malaysia, Venezuela, Russia and Ukraine.
The published information is reportedly contained in a classified file of the Financial Crimes Enforcement Administration (FinCEN), which is part of the United States Department of the Treasury.
“According to the leaked documents, JPMorgan, the largest bank in the United States, was transferring money to individuals and companies involved in the massive looting of public funds in Malaysia, Venezuela and Ukraine,” the report said.
Reports show that JPMorgan has also processed more than $ 50 million in payments over ten years for Paul Manafort, President Donald Trump’s former campaign manager. According to the report, 14 months after he resigned from the presidential seat, the bank transferred him at least $ 6.9 million. This was during the period when he was charged with money laundering for his work for the Party of Regions.
The report also includes the Russians: Oleg Deripaska, Arkady and Boris Rotenberg, Valentin Yumashev, Sergei Roldugin.
FinCEN data shows that JPMorgan Chase, HSBC, and other major banks have funneled large sums of illicit money to people of disrepute and criminal networks that are wreaking havoc and undermining democracy around the world.
Five global banks – JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon – continued to profit from “dangerous” people even after the authorities fined these financial institutions. They were not even detained for the warning about the threat of criminal prosecution for links to gangsters, scammers or corrupt regimes, the report says.
US agencies responsible for enforcing money laundering laws rarely prosecute large banks that violate the law. Therefore, the actions of the US authorities hardly reflect the flow of stolen money that flows through the international financial system, reporters say.
We will remember, the United States Department of Justice accused businessman Igor Kolomoisky of embezzlement and laundering of billions of dollars from PrivatBank.
In this case, the United States decided to confiscate two buildings from Kolomoisky, whose market value is $ 70 million.
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