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…

Work stoppage for childcare or for people vulnerable to the virus: what is changing in France?

Concern has grown among a number of employees in recent days. With the lengthening of the confinement period, those placed on sick leave for work or considered particularly vulnerable to coronavirus (cancer, with a cardiovascular history, etc.) were at risk of losing their compensation.
 
Work stoppage for childcare or for people vulnerable to the virus

Compensation until April 30 up to 90% of salary

Unless there is a more favorable collective agreement, employees with less than five years of service and who have benefited from the scheme from mid-March 2020 were to fall in mid-April to compensation equivalent to 66% of their salary, compared to 90% currently. Those with between five and ten years of service would have been affected ten days later. And the others, at the beginning of May (after fifty days of compensation).

What changes? These employees, and those living with a person considered vulnerable, will be compensated until April 30, 2020 up to 90% of their salary. Whatever their seniority. Those who have less than one year of seniority will see their compensation retroactively increased from 50% to 90%, for the days taken from March 12. The Government recalls that the waiting period usually applicable before the payment of daily social security benefits (three days) and the employer supplement (seven days) is abolished.




Partial unemployment from May 1

From May 1, new device. These judgments will turn into partial unemployment. Employees will receive compensation equivalent to 70% of their gross salary (84% of the net) and at least equal to the minimum wage. What lighten the accounts of Social Security but further increase the bill of partial unemployment.