Drug money and wealth stolen from developing countries...

An international investigative journalistic investigation published on Sunday revealed that huge amounts of illegal money flowed for years through the largest banking institutions in the world, denouncing the large loopholes in banking sector laws that criminals easily exploit.Show more

The investigation conducted by BuzzFeed News and the International Consortium for Investigative Journalism (ICIJ), with the participation of 108 media organizations from 88 countries, indicated that “the profits from the bloody drug gang wars, the looted wealth from developing countries and the savings that their owners worked hard to collect and then were robbery. "On them in a Ponzi fraudulent manner, all these funds were allowed to flow to and from these banking institutions, despite the warnings of the employees of these banks."

The documents, called the "Vincent Files", talk about transfers of about two trillion dollars of suspicious funds that were circulating between 1999 and 2017.

BuzzFeed said in the introduction to the investigation that "these documents that banks have collected and have been shared with governments, but kept out of public view, reveal gaps in the protection measures of banks and their ease of exploitation by criminals." The website added: "The networks through which dirty money passes around the world have become a vital artery for the global economy."

The investigation refers in particular to five major banks, namely JP Morgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Malone, accused of continuing to transfer the assets of presumed criminals, even after they have been prosecuted or convicted of misconduct. Financial.

It is also based on thousands of leaked "suspicious activity reports" documents that were filed with the Financial Crime Agency (Vincennes) at the US Treasury