FinCEN Files: Investigation into Dirty Money Transfers from Major Global Banks

At least $ 2 trillion in suspicious transactions were carried out between 2000 and 2017 by several major global banks. This is what an investigation by the International Consortium of Investigative Journalists, made up of 400 journalists from the media in 88 countries, including the investigation units of Radio France and the newspaper Le Monde, reveals.
For their investigation, ICIJ journalists were able to obtain "suspicious activity reports". These are top-secret documents that US bank internal compliance officials send to US financial intelligence agencies when they detect questionable money transfers.

According to these documents, 2,000 billion dollars in suspicious transactions may have been carried out. It is dirty money linked to drugs, corruption, organized crime and terrorism.

Large banks are singled out like JP Morgan, Deutsche Bank, Bank of New York Mellon or HSBC. They ensure, however, that they make significant efforts to combat financial crime an…

The seasonal flu weighs on the economy In the United States before the coronavirus

The flu this winter in America, which has already claimed 14,000 lives, is particularly deadly. With a cost of 30 billion dollars, evaluates a study by the Mirabaud bank.

The world has its eye on the Covid-19 coronavirus and its expansion in China and abroad. Yet another epidemic, seasonal flu in the United States, should be watched, points out Mirabaud securities economist John Plassard.
The seasonal flu weighs on the economy In the United States before the coronavirus

According to the Centers for Disease Control and Prevention (CDC), the current flu season, which is far from over, is particularly bad this year. She has already sent more than 250,000 Americans to the hospital, with a higher proportion than usual of children and young adults. And it has killed at least 14,000 people.

Its economic devastation is far from negligible. A very high number of Americans, more than 26 million, have been infected. "Many of them are presentee. They prefer to go to the office or to the factory despite the symptoms they have identified for a very simple reason, "said John Plassard. "A large number of people are not covered by health insurance compensating for absences from work," he adds.

As a result, the cost of care and lost income exceeds $ 30 billion a year on average. "We should be at the top of the range this year," said the economist. One sector of activity, that of pharmaceutical laboratories, on the other hand, is enough to rejoice in this epidemic. Nearly 170 million doses of seasonal flu vaccine are expected to be used this year in the United States, the CDC said.