The FinCEN Files investigation is based on thousands of “suspicious activity reports” and other US government documents that BuzzFeed News has shared with the International Consortium of Investigative Journalists and more than 100 news organizations around the world. It offers an unprecedented view of global financial corruption, the banks enabling it, and the government agencies that fail to stop it. Prior to this reporting, very few SARs had ever been revealed. The FinCEN Files encompass more than 2,100. Here is what the investigation has uncovered:
Thousands of secret “suspicious activity reports” offer a never-before-seen picture of corruption and complicity — and how the government lets it flourish.
Six financial institutions alerted the government to payments that had the hallmarks of financial crime — including millions that passed through an upstate New York mall — but Sater said they’re all legitimate.
Secret government documents identified more than $500,000 in payments originating in Turkey.
When the $10 billion mirror trading scandal was exposed, little emerged about who its victims were or how much Deutsche’s executives knew. The FinCEN Files investigation shows how deep the rot went.
These are the major findings after BuzzFeed News worked with more than 100 news organizations to unravel the secrets inside 2,100 confidential documents filed by banks across the globe.
From the FinCEN Files investigation: Secret documents show how one of the world’s biggest banks kept doing business with companies that its own employees raised red flags about.
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A trove of secret documents received by BuzzFeed News reveals how banks profit off terror and organized crime — and the ways that governments fail to stop it.
These are some of the documents BuzzFeed News used for the FinCEN Files investigation.
A $27.1 million shipment of fluorescent lamps. A bogus website. Elusive owners. A FinCEN Files detective story.
The Russian bank VEB has long operated in the United States — despite dozens of suspicious activity reports outlining concerns that it was a threat to national security. A FinCEN Files investigation.
Confidential records from the FinCEN Files show that the bank was reporting its own suspicions about customers with links to Iran until at least 2017.
This interactive map, created by the International Consortium of Investigative Journalists for the FinCEN Files investigation, shows $35 billion in transactions — reported as suspicious by banks and other financial institutions — making their way through the global financial system.
Alexander Perepilichnyy transformed himself from a money launderer to a whistleblower, and then he died. The company he founded began a new life in the criminal underworld. A FinCEN Files investigation.
Twenty-two thousand pages of never-before-released government documents. Hundreds of thousands of transactions. More than $2 trillion. A close accounting of BuzzFeed News’ unprecedented trove.
The FinCEN Files investigation showed the US government describing Britain as a “ higher-risk jurisdiction” for money laundering.
Warren called for the creation of a new unit in the US Treasury Department, separate from FinCEN, “to investigate these types of financial crimes.”