Deadly Terror Networks And Drug Cartels Use Huge Banks To Finance Their Crimes. These Secret Documents Show How The Banks Profit.
This is breaking news, so I haven't seen a lot of other news sources chiming in on it. At first glance though this seems fairly credible.
"The agency announced that it was referring the matter to the Department of Justice and the Treasury Department’s Office of Inspector General."
It's become dangerously typical how in the United States the only crime they seem to care about is the crime of pointing out that they aren't pursuing criminals. This is a non-answer. The question was, "Why aren't you prosecuting these criminals?" The answer was, "How dare you point that out? Are you a criminal?"
"In a subsequent letter, FinCEN’s general counsel said that disclosure of SARs can make banks less willing to file them, which “could mean law enforcement has fewer potential leads to stop crimes like human trafficking, child exploitation, fraud, corruption, terrorism, and cyber-enabled crime.”"
You don't appear to be pursuing these leads anyway. What value do we get out of protecting this pipeline of information that you just sit on?
Addressing an anti–money laundering conference in 2015, Leslie Caldwell, then the head of the Justice Department's criminal division, said that when it came to getting banks to clean up their acts, deferred prosecution agreements, which typically involve a fine and a probationary period, “can often accomplish as much as, and sometimes even more than, we could from a criminal conviction.”
But the FinCEN Files investigation shows something very different. Banks often get to the end of their agreement without actually fixing the problems. Then, instead of getting the prosecution that they had been threatened with, they just get another chance. And sometimes another.
I actually vaguely remember when this pronouncement was made. It seemed ridiculous and corrupt at the time.
“Even if it's bad wealth, it buys buildings,” he said. “It puts money into bank accounts. It enriches the nation.”
It's not really unlike us to not care who suffers for our money.
@bullseye It seems that BuzzFeedNews has been working with these other news organizations for over a year to expand and verify their investigation.
We come here in search of a place to express our thoughts outside of the direct control and surveillance of unaccountable, mega-corporations. There is no common theme that binds us other than these being the bonds we've chosen rather than those that have been chosen for us.