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…

COVID-19: African Development Bank mobilizes $ 22 million for low-income countries in the ECOWAS region

The Board of Directors of the African Development Bank approved, on May 22 in Abidjan, an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and from Niger in response to the COVID-19 pandemic.
 
African Development Bank mobilizes $ 22 million for low-income countries in the ECOWAS region

Through this project, the Bank is making available to countries an amount of US $ 22.4 million. This financing is intended, on the one hand, for an amount of 9.55 million US dollars to acquire and make available to countries consumable goods and complementary inputs including screening tests, laboratory consumables, ventilators of respiratory assistance and personal protective equipment for medical personnel.

The second activity of the project, worth approximately US $ 12.83 million, will consist in strengthening and integrating the health systems of The Gambia, Mali and Niger, in particular, through coordination, operation and equipping national COVID-19 pandemic teams; the development and equipment of health infrastructure; training of health personnel; the supply of medical consumables and pharmaceuticals and the establishment of a computerized early warning system.




The operation will be executed by the West African Health Organization (WAHO), in accordance with the mandate to coordinate the interventions of technical and financial partners which has been entrusted to it by the Heads of State and Government of ECOWAS, during of their extraordinary meeting of April 23, 2020, in order to harmonize the fight against the pandemic.

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