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…

DRC: Barrick consolidates exploration portfolio in Ngayu gold belt

Mining giant Barrick Gold is further consolidating its position on gold in the DRC. He has just concluded a new joint venture agreement with his partner Loncor on two exploration permits. The agreement allows both parties to strengthen their control over the Ngayu gold belt.

Barrick consolidates exploration portfolio in Ngayu gold belt

Mining company Barrick Gold signed a joint venture agreement this week with a subsidiary of Loncor Resources for two new exploration licenses in the Ngayu gold belt in northeastern DRC. It is consolidating its project portfolio in an area where it already owns the Ngayu gold project, with a core drilling program currently underway on several priority targets.

After completing the drilling and financing a pre-feasibility study, the mining giant will hold 65% of the joint venture intended to exploit the deposits that may be discovered. A feasibility study will be conducted for this purpose with joint funding from Barrick and Adumbi (the Loncor subsidiary).

"We are pleased to see that Barrick's confidence in the Ngayu gold belt continues to grow. This new joint venture strengthens Loncor's and Barrick's control of the Ngayu gold belt as partners, ”commented Loncor CEO Arnold Kondrat.