These reports reveal why we should care about money laundering apart from the fact that our real estate market has been awash with ‘Black Money’ from money launderers lured by the reward of Permanent Residency … and the consequences of a whole Cohort of Australians locked out of home ownership in Australia!
FinCEN files reveal suspicious transactions were waved through despite red flags
By the International Consortium of Investigative Journalists
Posted and updated 21 September 2020
Key points:
- Banks moved more than $2.7 trillion in payments they believed were suspicious over 18 years
- Some of the biggest banks in the leaked files continued to wave through suspect payments despite promises to government authorities to improve money laundering controls
- Donald Trump’s former campaign manager Paul Manafort features in the documents
FinCEN Files: All you need to know about the documents leak
Posted 22 September 2020
Documents have been leaked that divulge some $2 Trillion of transactions through the biggest banks have enabled criminals to move ‘black money’ around the Globe!
The FinCEN files are:
-more than 2500 documents sent to US authorities between 2000 and 2017
-among the International banking system’s most closely guarded secrets
-hundreds of investigative journalists have been examining these documents to find what the banks would prefer we did not know about!
READ MORE!
https://www.bbc.com/news/uk-54226107
FinCEN Files: The accidental money launderer
By Mario Christodoulou and Geoff Thompson
Posted and updated 22 September 2020
AUSTRALIA’S Real Estate has been awash with Black Money with the Real Estate Gatekeepers exempt from AML Laws! …
And this has only been slowing down due to the Pandemic …
But there has been another avenue apart from casinos … through money remitters!
SUPERFOREX is one with offices across Sydney it enables immigrants to send money back home …
In October 2015, an analyst from The Bank Of New York Mellon observed more than $20 M was heading for SuperForex’s account in CHINA.
Suspicion was aroused because this money was moving between shell companies hiding the identity of the recipients!
READ MORE!
https://www.abc.net.au/news/2020-09-22/money-remitter-superforex-named-in-fincen-files-leak/12686168
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