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…

Drug trafficking: Castaner announces record results in 2019

French Interior Minister Christophe Castaner on Tuesday unveiled record figures recorded in 2019 in the fight against drug trafficking, by officially installing Ofast, the new investigative service responsible for carrying out this "fight" . In 2019, said the minister, "more than 13,000 cases of trafficking were prosecuted, 10% more" than the previous year. “17,276 people have been implicated. In 2017, there were 14,600, an increase of 20% in two years, "he said.

French Interior Minister Christophe Castaner

Drug seizures were at the same level as the records of 2017 and 2018, with "more than 95.4 tonnes of cannabis seized and almost 14.5 tonnes of cocaine". Record also for asset seizures. "Over the first nine months of the year, they increased by 19% compared to the same period in 2018 (…) and 30.9 million euros were entered in cash" during this period, an increase " 45% ”, continued Christophe Castaner.

"70% of organized crime is linked to drug trafficking"
 
As in September, when he announced the creation of Ofast on January 1, he insisted on the need to have "no fatalism, no defeatism, no naivety in the face of drugs". "There has to be a fight, always a fight, another fight," he said. Surrounded by the head of Ofast, St├ęphanie Cherbonnier, and her assistant, the prosecutor Samuel Vuelta-Simon, the minister defended the new organization set up to lead "the mother of battles", "the stairwell to the international level "to regain" square meter by square meter ".

"70% of organized crime is linked to drug trafficking, which is the breeding ground for all delinquencies", he said, detailing the Ofast method: "intelligence sharing", "decompartmentalization" and joint work of all actors (police, gendarmerie, customs, magistrates).


 
Operational intelligence units on narcotic drugs
 
To complete the territorial network of Ofast, it is planned, by the end of the year, the creation of operational intelligence units on narcotic drugs (Cross) in each department, on the model set up in Marseille, from 2015. As well as that of six additional Ofast detachments.

Christophe Castaner also highlighted the record results recorded by the agency in the month of January alone with 1.2 tonnes of cocaine seized.