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 price of surgical masks escapes in extremis to a rise

The new decree also extends the price cap for hydroalcoholic gels intended for personal hygiene. This is one of the challenges of this deconfinement: the price of masks. For the moment, the regulation of the sale prices of hydroalcoholic gels and single-use surgical masks is guaranteed by a decree. A measure that has just been extended until the planned end of the state of health emergency on July 10. The new text was published this Friday, May 22. The measure adopted on May 2 set the maximum price for non-reusable surgical masks at 95 cents per unit for those sold at retail, and at 80 cents if sold wholesale, regardless of their origin and sales channel.
 
The price of surgical masks escapes in extremis to a rise

This provision, which was only valid until May 23, was extended identically until July. It does not concern masks "general public" in fabric. In addition, another decree, which entered into force in early March, regulated the price of hydroalcoholic gels intended for personal hygiene and was to apply until May 31.

The new decree published on Friday extends this framework until the end of the state of emergency, with adjusted ceilings, limiting the price of a 100 ml bottle to 2.64 euros (against a maximum of 3 euros previously). The 50 ml bottles are capped at 1.76 euros per bottle and those of 300 ml at 4.40 euros.




"At the same time, the DGCCRF (Directorate General for the Repression of Fraud) is continuing its checks to check the quality of the masks and make price statements," Secretary of State for the Economy Agn├Ęs Pannier-Runacher tweeted on Friday. The National Assembly had also voted in mid-April a drop in VAT, from 20% to 5.5%, on masks and hydroalcoholic gel, to make them more accessible during the coronavirus crisis.

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