HSBC + Deutch Bank Busted Laundering $2.7 Trillion for Traffickers

I told the world this – that the major banks, especially HSBC, launder money raised from arms, drugs and child sex trafficking and pump this into military intelligence run operations. And now – here it appears in the mainstream media for the world to see. But I’m crazy, right…

Here are the main points in the MSM news article:

The FinCEN files: Dirty little secrets of the world’s banks revealed in mass US government leak

Key points:
  • A leak of highly secretive US Treasury documents reveals the world’s banks alerted watchdogs to about $US2 trillion ($2.7 trillion) worth of suspicious transactions
  • The documents were obtained by Buzzfeed News and shared with the International Consortium of Investigative Journalists
  • Ian Taylor is just one of the Australians mentioned by name in the leaked suspicious activity reports

…Mr Taylor is just one of the Australians mentioned in a leak of highly secret United States Treasury documents.

These documents reveal the world’s biggest banks have defied money-laundering crackdowns by moving staggering sums of illicit cash for criminal networks and shadowy characters.

The leaked files show more than $US2 trillion ($2.7 trillion) in suspected dirty money moving through the global financial system.

That includes more than $200 million in transactions flowing through Australian banks.

The records show five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players, even after US authorities fined these financial institutions for earlier failures to stem flows of dirty money.

US Treasury leak of ‘suspicious activity reports’

The leaked documents include more than 2,100 highly secret suspicious activity reports (SARS) which are created by financial institutions and sent to the US Department of Treasury bureau, the Financial Crimes Enforcement Network, also known as FinCEN.

Reporters at Buzzfeed News obtained the documents and shared them with the ICIJ, which partnered with more than 100 news organisations, including the ABC, to analyse the documents.

“No-one’s ever allowed to see them outside of the government … they just don’t ever make it into the public sphere,” says Anthony Cormier, a reporter with BuzzFeed News.

The FinCEN files reveal trillions of dollars in transactions flagged by US financial institutions’ internal compliance officers as possible money laundering or other criminal activity.

Suspicious activity reports reflect the concerns of watchdogs within banks and are not necessarily evidence of any criminal conduct or wrongdoing.

They show banks blindly moving cash through their accounts for people they cannot identify, failing to report transactions with all the hallmarks of money laundering until years after the fact, even doing business with clients enmeshed in financial frauds and public corruption scandals.

Authorities in the US, who play a leading role in the global battle against money laundering, have ordered big banks to reform their practices, fined them hundreds of millions and even billions of dollars, and held threats of criminal charges over them as part of so-called deferred prosecution agreements.

A 16-month investigation by ICIJ and its reporting partners shows these headline-making tactics have not worked.

Big banks continue to play a central role in moving money tied to corruption, fraud, organised crime and terrorism.

Five of the banks that appear most often in the FinCEN files — Deutsche Bank, Bank of New York Mellon, Standard Chartered, JPMorgan and HSBC — repeatedly violated their official promises of good behaviour, the secret records show.

“These banks are allowing the worst of the worst to use their accounts as a way to wash their money,” Cormier says.

“This system is not working. Criminals are allowed to move money around the world without being stopped and the banks are allowing it to happen because they’re happy to take profits,” Ryle says…

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They’re telling you this, not to expose the child sex trafficking operation, but to establish the reasoning behind introducing a cashless society.

Read my free book explaining the banks’ role in child sex trafficking, a global operation coordinated by the CIA (i.e., joint military intelligence), by clicking on this LINK.

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