Astronomical amounts of dirty money that have passed for years through the largest banking institutions in the world: this is what reveals an international survey by the International Consortium of Investigative Journalists (ICIJ), which denounces the shortcomings of regulation of the sector.
“Profits from the murderous drug wars, the embezzled fortunes of developing countries and the hard-earned economies stolen as part of a Ponzi scheme have all been able to come in and out of these financial institutions, despite warnings from their own employees. banks’, details the investigation, carried out by 108 international media, from 88 countries, including the newspaper ” The world », And published Sunday evening.
The survey is based on thousands of “Suspicious activity reports” (SAR in English) sent to the US Treasury’s financial police, FinCen, by banks around the world.
“These documents, compiled by the banks, shared with the government but kept out of public view, expose the yawning chasm of bank guarantees, and the ease with which criminals have exploited them.”, assures the American media ” Buzzfeed News », As a preamble to his investigation.
The documents relate to $ 2 trillion in transactions, which circulated between 1999 and 2017. ” These ultra-confidential reports represent a total of nearly 2.1 trillion dollars (1.773 billion euros) of suspicious transactions, carried out over nearly twenty years, from 1999 to 2017. “, Writes in particular” The world ».
The investigation points in particular to five large banks – JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon – accused of having continued to transit funds from suspected criminals, even after being prosecuted. or convicted of financial misconduct.
« The world ” specifies that ” British giant HSBC admitted in 2012 to laundering nearly $ 900 million for South American drug cartels. »
At the end of its research, “Buzzfeed News” states that “The networks through which dirty money passes through the world have become vital arteries to the global economy”.
In a statement, Deutsche Bank assured that the Consortium’s disclosures were in fact news “Well known” of its regulators and said to have “Devoted significant resources to strengthening its controls” and “Be extremely attentive to the respect of (his) responsibilities and (his) obligations”.
Our statement on the #FinCENFiles: https://t.co/64fL5WeFcD https://t.co/NiJnqtIUIi
—DeutscheBank (@Deutsche Bank)
The investigation also points to the powerlessness of the American authorities in regulating these transactions.
In a statement released before the investigation was released, U.S. Treasury Financial Police warned that the release of suspicious activity reports was a « crime » who “May have an impact on the national security of the United States”.
Russian billionaire Arkadi Rotenberg, a childhood friend of President Putin, has denied reports claiming he had used Barclays bank to launder money, bypassing sanctions against him.
Information about “Suspicious transactions carried out through London bank Barclays by Russian businessmen Arkadi and Boris Rotenberg are nothing more than nonsense”, a spokesperson for Arkadi Rotenberg reported to the Russian business daily RBK.
This Monday, these big names in finance were badly handled on the stock market, according to AFP. In Frankfurt, Deutsche Bank plunged 7.86% to 7.93 euros around 1:20 p.m. (11:20 GMT) after the publication of this survey targeting it. Standard Chartered, also under the spotlight, dropped 5.15% to 340.90 pence in London.
In Hong Kong, HSBC stock hit its lowest level in 25 years, closing down 5.33% to HKD 29.30. Besides the fact that the group was cited by the investigation, it could face sanctions from Beijing in the context of retaliatory measures against certain foreign countries.