Cyber Bites

Top banks helping criminals embezzle money

The Financial Crimes Enforcement Network (FinCEN), a department within the Treasury has released a set of files outlining how some of the biggest banks in the world are moving trillions of dollars in transactions for presumed terrorists and drug cartels. However, FinCEN has no authority to stop such money laundering and the US government has yet to do anything either.

BuzzFeedNews has written a tell-all piece, giving the names of some of the banks involved, including JPMorgan Chase, HSBC and Deutsche Bank.

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