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International Consortium of Investigative Journalists have identified at least 2,000 billion dollars of suspicious transactions carried out by big names in banking industry

21 septembrie 2020

Deutsche Bank (1,300 billion dollars) and JPMorgan (514 billion) are the two banks most concerned by suspicious transactions (money laundering, corruption, organized crime, financing of terrorism …) carried out between 2000 and 2017, according to La Tribune.

At least $ 2,000 billion in suspicious transactions were carried out between 2000 and 2017 by the world’s major banks, according to banking documents obtained by online media BuzzFeed News and which were investigated by the ICIJ (International Consortium of Investigative Journalists) unveiled on Sunday. Already at the origin of the „Panama Papers” , the ICIJ has assembled a team of more than 400 journalists working for 110 press organs in 88 countries, including the investigation unit of Radio France and Le Monde.

The investigation is based on „suspicious activity reports” (SAR) sent by US banks when they detect suspicious fund transfers. The SARs are intended for the American financial intelligence service FinCEN (Financial Crimes Enforcement Network), at the heart of the global system for combating money laundering and the financing of terrorism.

Deutsche Bank, JP Morgan, HSBC …

Called „FinCEN Files”, these documents have identified at least 2,000 billion dollars of suspicious transactions carried out between 2000 and 2017, of which 514 billion dollars concern the JPMorgan bank, and 1.300 billion dollars the Deutsche Bank, reports Sunday evening France Info. 

In reaction to the „FinCEN Files”, Deutsche Bank explained in a statement on Sunday „having devoted significant resources to strengthening its controls” . The bank said the information disclosed by the ICIJ related to past facts already known to regulators.

„The ‘FinCEN Files’ show the central role of large systemic banks in the circulation of dirty money flows linked to fraud, corruption, organized crime and terrorism,” explains Le Monde, which also cites the banks HSBC, Standard Chartered Bank and Bank of New York Mellon.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?