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 nice amount that some residents of the PACA region can spend to help the tourism sector

A holiday checkbook will be distributed to people who worked in direct contact with the public during confinement. While containment promises to have serious consequences for the tourism sector, some regions are trying to help their businesses by all means. In Provence-Alpes-Côte-d'Azur, it is through a holiday checkbook that the region will try to boost tourism. The book will have a value of 500 euros which can be spent in hotel establishments, and other gites, in restaurants but also for leisure services. They will be usable until the end of the year, in the region only, indicates the president of the PACA Region Renaud Muselier in a press release.

The nice amount that some residents of the PACA region can spend to help the tourism sector

Not all residents can claim it. These vacation checkbooks are reserved for employees in the private sector who are domiciled in the PACA region and who will have worked continuously in contact with the public during the confinement period. These include delivery men, supermarket cashiers, and caregivers who have been on the war since the start of the crisis. To benefit from this, households must not benefit from a family quotient greater than 700 euros.

A sector that represents 140,000 jobs

The book can be used within the network of professionals registered with the network of the National Agency for Holiday Checks, which is a partner in this operation. In total, the initiative involves an investment of ten million euros, including four million directly put on the table by the region, said the press release.



The region sees this operation as a way of boosting consumption and supporting the tourism sector, a vital sector of economic activity in the south of France. "We are among the regions most affected by Paris-Île-de-France," said France 3 PACA, regional advisor François de Canson. "The region is second in France for the weight of its tourism economy," he insists. A sector which represents 13% of the GDP and 140,000 jobs, on a little more than five million inhabitants.