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 subsidiary in Nigeria of the French group Axa Assurances launches a telemedicine service

Axa Mansard, a Nigerian subsidiary of the French group Axa Assurances, launched its telemedicine service to meet the medical consultation needs of its customers in these moments of confinement imposed by the coronavirus pandemic on all countries of the world. "One of the lessons the world has taught this pandemic is that health care will always be the top priority for everyone," said Tope Adeniyi, chief executive officer of Axa Mansard.
 
The subsidiary in Nigeria of the French group Axa Assurances launches a telemedicine service

“The service provides a platform that connects patients with licensed doctors who can consult, diagnose, prescribe medications and make recommendations on medical conditions and treatments. The service will also help our customers reduce the risk of infections and align with social distancing guidelines while reducing the time to the hospital, "said the company.

This will be an opportunity for the insurer to further position its service in charge of the organization of medical care, Axa Mansard Health, a health risk coverage activity which functions more as an intermediary between potential care seekers of health and medical services. Thus, from their homes, people eligible for this opportunity can go to a hospital virtually, and meet a doctor for a consultation.

The communication does not indicate what to do in the event that clinical examinations are required. It focuses on the fact that clients will save fundamental time in the health care process by avoiding at least long waits in hospitals, because of the social distancing directives which can slow the rate of consultation.




Axa Mansard had a mixed 2019. Revenues from its earned premiums reached 41.5 billion naira, up 27.15% compared to that of 2018. Its medical care delivery sector particularly contributed, with a total of 15.6 billion nairas of revenue collected, but higher claims charges diluted its net margin, which increased only modestly by 7% on an annual comparison.