The reports, which number more than 2,100, were obtained by BuzzFeed News and shared with the International Consortium of Investigative Journalists (ICIJ) and other media firms.<\/p>\n
The consortium reported that the files contained information about more than $2 trillion worth of transactions between 1999 and 2017, and were flagged by internal compliance departments of financial institutions as suspicious.<\/p>\n
Reuters said that the reports are not necessarily proof of wrongdoing, and the ICIJ reported documents were a tiny fraction of the reports filed with FinCEN.<\/p>\n
Five global banks appeared most often in the documents – HSBC Holdings Plc, JPMorgan Chase & Co, Deutsche Bank AG, Standard Chartered Plc and Bank of New York Mellon Corp.<\/p>\n
JPMorgan, the largest bank based in the United States, moved money for people and companies tied to the massive looting of\u00a0public funds in Malaysia, Venezuela and Ukraine, the leaked documents reveal.<\/p>\n
Other crimes linked to the money include:<\/p>\n
- \n
- In 2012, London-based HSBC, the largest bank in Europe, signed a deferred prosecution deal and admitted it had laundered at least $881 million for Latin American drug cartels;<\/li>\n
- A bombing in Jerusalem;<\/li>\n
- Money linked to an underworld figure named Semion Mogilevich – described as the \u201cBoss of Bosses\u201d of Russia mafia groups.<\/li>\n<\/ul>\n
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