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…

Aigle Azur: former CEO sues ex-shareholder Houa

Frantz Yvelin is asking hundreds of thousands of euros in damages for damage to his image. If Aigle Azur was liquidated in September 2019, Gérard Houa, who had 19% of the shares, would be largely responsible for it. This is in any case the version of Frantz Yvelin, the ex-CEO of this airline which had more than 1100 employees and mainly served Algeria.
Aigle Azur: former CEO sues ex-shareholder Houa

At the end of 2019, the ex-boss brought legal action against the one who was the third shareholder. He claims several hundred thousand euros in damages from him for damage to his image. In addition, Aigle Azur has brought criminal charges against Gérard Houa, in particular for forgery and use of forged documents. "I did not receive anything. I don't know, ”reacts Gérard Houa.

To understand this conflict, you have to rewind the film. In a difficult situation after a 2018-2019 financial year where the company had lost nearly 30 million euros, Aigle Azur needed to bail out before mid-September. At the beginning of August, Frantz Yvelin believed that he had found the solution: "Vueling was ready to inject 27 million by taking over half of our time slots in Orly and one of our planes," he says. Aigle Azur also planned to relocate half of its Parisian flights to Roissy, to separate from around fifty employees and to ask others to work more for the same salary.

But this beautiful building was shattered when, at the end of August, Gérard Houa made a putsch and landed Frantz Yvelin without informing the other shareholders. Two days later, justice restored Yvelin to his functions. "But the business was unmanageable," he notes. Houa had made things impossible for the staff. ” "It was Mr. Yvelin who was the CEO, and I was the one who sank the company. I find it curious, ”says Gérard Houa. History will end in justice.