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 DS brand is now well established", according to its general manager Beatrice Foucher

A few days before the Geneva show - finally canceled - DS, the premium brand of the PSA group, presented its large DS9 sedan and a concept car prefiguring the style of the brand's future models. Its new general manager Béatrice Foucher, appointed on January 15, reveals her objectives.
 Béatrice Foucher

What is your assessment of the revival of DS, operated since 2018, with the DS7 and DS3 Crossback?

A very positive assessment. We sold 62,500 vehicles worldwide in 2019, up 17%, with just two models - two of which were sold late in the year. Customer feedback is very good. The DS brand is now installed in a credible way with customers, whether individuals or professionals.

Are you satisfied with the start of your e-Tense electric models?

Yes, both on the sales side and on the orders side. The DS7 Crossback e-Tense represents 30% of the model's sales, and for DS3 Crossback e-Tense, we oscillate between 15 and 20% of the total.
This trend is supported by the consolidation of our sales network. We are finishing the transformation of the network in France, with 162 points of sale, and we plan to open 87 this year worldwide, with new DS Stores in Egypt, Turkey, South Korea…

Do you fear the consequences of coronavirus?

At the moment, we have inventory of parts and cars for sale. Our European factories are running. In the short term, our business is working, our order portfolio is high. The Chinese plant in Shenzhen restarted ten days ago, and we are in the process of activating the supply. But of course, we cannot exclude negative consequences for this year.

It is this factory that will manufacture the future DS9 model, a large luxury sedan. Why attack this segment, when it is rather the SUVs that are on the rise?



This type of silhouette has been nibbled by SUVs, but still represents 25% of premium sales in Europe. It’s a way of expressing your status, a form of elegance, that remains enduring. This is the promise for the passenger, at the front and at the rear, of exceptional comfort, while the SUV meets other expectations: a versatile vehicle, with volumes and crossing capacities, which gives a sense of protection. This segment of sedans recalls our historic roots, and makes the link with two of its emblematic models: the DS of 1955 and the SM of 1970.

When will it be available?

In the second half of 2020, first on the Chinese market, for logistical reasons, since it will be manufactured in Shenzhen. It will be available from launch in thermal and plug-in hybrid versions.