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…

African Development Bank Joins Nasdaq Sustainable Bond Network

Nasdaq (Nasdaq: NDAQ) announced on Wednesday the inclusion of the African Development Bank, one of the world's largest issuers of social impact bonds, in the Nasdaq Sustainable Bond Network (NSBN). NSBN is an international platform accessible to the public, designed to improve the transparency of the market for sustainable and green bonds with social impact.

African Development Bank Joins Nasdaq Sustainable Bond Network

Ten Bank bonds have been added to the platform, including its iconic social bond loan worth US $ 3 billion, "Fighting COVID-19", launched in March 2020, the highest social bond in back then in the international capital markets. “Fighting COVID-19” remains the largest social bond issue denominated in US dollars to date. Its objective is to contribute to the mitigation of the economic and social impact of the pandemic on the livelihoods of the African populations and the economies of the continent.

By joining the Nasdaq Sustainable Bond Network, socially responsible issuers have a unique opportunity to draw attention to the concrete steps they are taking to finance climate change and growth green.




“The Nasdaq welcomes the integration of the African Development Bank into our sustainable bond platform with, in particular, its social bond Fight Covid-19, launched to mitigate the impact of the pandemic on African economies and livelihoods of its people. We are proud to offer visibility to a transmitter with such a powerful social mandate, which the world needs more than ever, especially in these difficult times. "Said Ann-Charlotte Eliasson, Vice-President, responsible for the list of EU bonds and sustainable debt. Since the launch of the Nasdaq Sustainable Bond Network last December, more than 40 issuers from 13 countries have added more than 4,000 bonds to the platform, including the Nordic Investment Bank, HSBC and Fannie Mae.

Comments