Banks are treating suspicious reports as a ‘permission slip’ to look the other way on money-laundering

One of the key revelations of the FinCEN files is that the world’s biggest banks are facilitating global money-laundering by treating suspicious transaction reports as a “permission slip”. Once the bank has reported the suspicious transaction to the financial intelligence unit, the bank simply continues dealing with the suspicious customer, believing it cannot be heldContinue reading “Banks are treating suspicious reports as a ‘permission slip’ to look the other way on money-laundering”