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…

"We are going to reinvent ourselves": Printemps Haussmann reopens its doors

It is an institution. Printemps Haussmann, an emblematic store on the Parisian Grands Boulevards, was able to reopen on Thursday 28 May. Closed since March 15, it had not been able to reopen at the time of deconfinement, the Paris police prefect having prohibited the reopening of sites over 40,000 m2. A decision suspended, as in Beaugrenelle, by the administrative court of capital. Printemps Haussman's management pleaded to welcome the public on several separate sites, none of which therefore exceeds 40,000 m².

"We are going to reinvent ourselves": Printemps Haussmann reopens its doors

A reopening that some did not want to miss, like this Chinese in lack of luxury brands. He waited more than an hour in the long queue to "find a small gift for the family". During the confinement, he did not want to try to buy online for fear that the package would be "lost during transport". Considering that "things are better for the moment" at the level of the Covid-19 crisis, he thinks that "it is very important to try (to return) in the stores". There are many Asian customers in the queue. No wonder when we know that it represents 30% of the turnover of Printemps Haussmann.

Fewer customers to respect barrier gestures

Now to enter the shopping center, you must wear a mask and wash your hands with hydro-alcoholic gel presented by the guards at the entrance. It is a new way of welcoming customers according to Mickaël Bodin, one of the 3,000 employees of the brand. "We will really reinvent ourselves," explains the sales manager who promises "social proximity and exchange by other gestures". Mickaël Bodin ensures that "the hands, the smile of the eyes and the gestures will come back to the fore". Above all, barrier gestures, respected by the 300 people present when the doors opened Thursday morning at 11 a.m.

An affluence far from that to which Printemps Haussmann is accustomed but which reassures all the same its director general, Pierre Pelarrey: "Obviously, we are very happy that there are people even if we do not expect to find the attendance levels last year. The international clientele and the provincial clientele will still be very, very little present. We expect a drop in the figure, but we are on a recovery phase so we are delighted! " In this district of the Grands Boulevards which is gradually coming to life, the other essential brand, the Galeries Lafayette, remain closed for the moment. They too are awaiting a decision from the administrative court.