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…

A new national coordinator for artificial intelligence | France

Renaud Vedel, from the Ministry of the Interior, replaces the engineer Bertrand Pailhès, who left in November 2019 for the CNIL. The national strategy for artificial intelligence finds a pilot. The senior official Renaud Vedel replaces Bertrand Pailhès, who left in November for the CNIL, the Prime Minister announced in a press release published on Monday. He will report to the Directorate General for Enterprise of the Ministry of Economy and Finance.
 

The national strategy for artificial intelligence - CNIL - France

It’s a change of style. Bertrand Pailhès was an engineer by training, a graduate of Telecom ParisTech and a mining engineer. He had worked at ARCEP and, already, at the CNIL. Renaud Vedel, on the other hand, is a senior official who has had a career in the Ministry of the Interior. Since 2018, he has directed the artificial intelligence strategy there.

After having started as sub-prefect in Vaucluse, he climbed the ladder in Beauvau, in particular within the national police. Above all, he was adviser to Prime Minister Manuel Valls for home affairs from 2014 to 2016, during which time he worked on the intelligence law of 2015.


He will therefore have under his responsibility the budget of 1.5 billion euros (over five years) allocated to artificial intelligence. Launched with great fanfare by Emmanuel Macron at the end of March 2018, with the submission of the report by deputy Cédric Villani, the national strategy in artificial intelligence "aims to position France as a leader in artificial intelligence in Europe and in the world", recalls Matignon.

In addition, the European Commission presented its white paper on artificial intelligence at the end of February, where it aims both to attract 20 billion euros in investment in artificial intelligence over the next decade and to establish standards for regulation of this sector.