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…

Coronavirus: Air France customers will be able to be reimbursed for canceled flights

Good news for Air France-KLM customers. The group announced Friday, May 15 that customers whose flights have been canceled due to the coronavirus crisis will be able to be reimbursed, as demanded by consumer organizations.
 
Air France customers will be able to be reimbursed for canceled flights

At the end of April, the French consumer association UFC-Que Choisir had "given notice" to 57 airlines to allow reimbursement to customers of tickets canceled due to the coronavirus epidemic, in application of European regulations.

"The recent developments in the world health situation and the gradual lifting of confinements gives better visibility on the evolution of the flight program for the coming months," the group said in a statement posted on its website.

Customers always encouraged to choose a credit

"Air France and KLM have therefore decided to adjust their refund policy for cancellations of flights effective from May 15: the customers concerned will have the choice between a credit or a refund," he said.




The airline group warns, however, that "the processing of these requests could take longer", due to "the magnitude of the crisis and the number of cancellations".

And customers are encouraged to continue to opt for a credit, with the promise of a 15% bonus on the value of the initial ticket if this credit is carried over to a subsequent reservation.