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…

Restoration: unity is strength for the Cage

La Cage-Brasserie sportive has teamed up with other restaurants to launch a ready-to-eat meal service to meet customer demand and to continue to employ as many employees as possible. "It's like starting a new business in the space of a week," explains Jean Bédard, president of Sportscène, the group that manages La Cage-Brasserie sportive. We are in the process of major reorganization. We do not have a choice. "

Since Friday, it is in particular possible to order, on the chain's website, the classic burgers from La Cage, the braised beef parmentier from Chez Lionel, a restaurant from Boucherville, cretons from the Avenue - institution of Plateau Mont -Royal known for its breakfasts - or even the maple syrup pie from the Crémy pastry shop. Certain local beers as well as Quebec ciders and wines are also offered. There are also groceries like La Cage's chicken wings and ribs.

Everything is prepared in a factory - owned by Sportscène - located in Saint-Jean-Baptiste-de-Rouville, in Montérégie. The adaptation of the facilities cost the company $ 500,000. Originally, the place was used to vacuum-pack fresh fish and beef for burgers for chain restaurants. Before the crisis, the Cage offered a reduced menu for take-out orders and began to make deliveries. Since the Legault government ordered restaurants to be closed, the chain has had to rethink its business model.

Same challenge for Chez Lionel. "We are trying to find an income stream," emphasizes Stéphane Riopel, owner of the establishment. Everything is stopped, let's stick together. The Boucherville restaurant will offer seven different dishes - recipes from chef Frédéric Dufort - on the La Cage site at your home.

At the moment, a dozen people are busy preparing food at the factory and that number could increase.

"I wish we could make our world work as much as possible. I had 3,200 employees two weeks ago. Now I have 50. "

- Jean Bédard, president of Sportscène

Customers who order on the La Cage site from you will be able to pick up their meal at one of the 14 branches - out of a total of 42 - open only for order service.

Will this new company created by the chain survive the crisis surrounding the pandemic? "We could keep the site after the crisis," says Jean Bédard. It was our vision [long term]. "

There are even plans to prepare ready-to-eat meals for supermarkets. A vision also shared by Stéphane Riopel. "Yes, I would like to continue. I would like us to be able to penetrate the grocery store network with the Chez Lionel brand. "