Monday, October 05, 2020

Mystery company ties accused temple raiders to art world elite


Coinbase is a mission focused company, good to see them putting this piece out.

A Queensland woman who believed she was falling for a US Army official she met online, has instead fallen victim to an intricate romance scam that saw her unknowingly launder $150,000 for an organised crime group.

WHERE WE’RE GOING WE DON’T NEED ROADS: Hyundai is moving ahead with production of this crazy walking car.


Soccer players in Argentina, Olympic bids in Tokyo, the United Nations, and European lawmakers – if you thought our world tour ended on Wednesday, then get your lunchbox ready as we’re taking off again today.

First stop: the world. Find stories in your country, your language, and read local reporting by our 80+ partners who have published this week!

Have you found the bank reports connected with your country? Check out this interactive map of dodgy transactions. You can explore some of the data we extracted from the secret bank reports – and find out how your country is connected.


European lawmakers and regulators react to FinCEN Files

The investigation on global banking has prompted action in the United Kingdom, Belgium, and Portugal.


The United Kingdom’s banking regulators called financial institutions’ anti-money-laundering protocols inadequate. The regulators’ head of enforcement Mark Steward expressed concern that banks viewed their responsibility as a “bureaucratic exercise in red tape."

British MP Mel Stride also wrote to parliament, requesting an investigation into our exposé. And our Belgian partners from three media outlets have been asked to share their findings with their country’s federal parliament.


A roundup of FinCEN Files reporting from Latin America

ICIJ's partners investigated suspicious transactions linked to corruption, schemes involving food and housing programs for the poor, and more.


Our Latin American contingent on the FinCEN Files covered 13 countries. The 72 reporters teamed up to reveal the banking secrets of the region’s rich, and expose the dirty secrets of soccer players and organizations. My two cents: our Latin American team always impresses with their amazing artwork! Some of the best of the project, so far.


FinCEN Files investigations from across Asia

From transactions linked to Olympic bids, fugitive financiers and terrorist organizations, see key stories by ICIJ’s media partners in Asia.


From Asia, our partners from the Philippines to Pakistan reported on their local impact - from jet fighters in Indonesia to connections to one of India’s most powerful conglomerates, Adani. In Taiwan, partners revealed that local banks cleared transactions for a sketchy cryptocurrency firm accused of market manipulation. A collaboration within a collaboration, our Japanese partners teamed up with our French partner to expose new details on the Tokyo Olympic bid.

Start with the world, and end with the world, our investigations were also spoken about at this week’s United Nations meeting. A new report cited FinCEN Files and the Panama Papers as investigative journalism helping to "generate the sustained national political will needed to create accountable and transparent systems to promote financial integrity.



‘Wired to make money’: Barclays’ private bankers serve ultra-rich, as watchdogs sound alarms

The FinCEN Files investigation exposes tensions between British bank’s New York and London operations.

senator elizabeth warren and bernie sanders

FinCEN Files: Bernie Sanders and Elizabeth Warren join watchdog groups in calling for banking reforms

The senators want tougher consequences for banks and their executives who move money linked to crime and corruption.


Mystery company ties accused temple raiders to art world elite

Where in the world is Pantheon Worldwide? Not even its own bank can say.

With Deutsche Bank’s help, an oligarch’s buying spree trails ruin across the US heartland

Secret transactions, lost jobs, worker injuries, gutted buildings, unpaid bills: Ihor Kolomoisky’s untold American legacy.


US Treasury Department abandoned major money laundering case against Dubai gold company

The Kaloti probe offers rare insight into the illicit gold trade.

Inside scandal-rocked Danske Estonia and the shell-company ‘factories’ that served it

A handful of secretive agencies mass-produce U.K. shell companies owned by criminals and launderers.


HSBC moved vast sums of dirty money after paying record laundering fine

 Europe’s biggest bank aided massive Ponzi scheme while on probation over ties to drug kingpins.

How banks helped Venezuela’s ‘boligarchs’ extract billions


The FinCEN Files show public money pouring out of the collapsing country.


Global banks defy U.S. crackdowns by serving oligarchs, and criminals

Trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system.

Unchecked by banks, dirty cash destroys dreams and lives

From Ukraine to the United States, from Tunisia to Turkmenistan, FinCEN Files details the punishing human cost of laundered trillions.


Explore the FinCEN Files data

Explore the confidential data at the heart of the FinCEN Files.

Explore: Confidential Clients

These are the people zipping money across the world thanks to the global banking system.


Watch: How banks move dirty money around the world

The FinCEN Files investigation reveals the role of global banks in industrial-scale money laundering.

Watch: How money is laundered via New York banks

We explain the role of U.S.-based correspondent banks in facilitating the global flow of dirty money.


From a jumble of secret reports, damning data on big banks and dirty money

How we turned a leak into usable information exposing the futility of anti-money laundering efforts.

Watch: Behind the scenes of FinCEN Files

More than 400 reporters from 88 countries came together to investigate. This is how it happened.


About the FinCEN Files investigation

A 16-month long cross-border investigation involving more than 400 reporters.

Suspicious activity reports, explained

Financial institution employees are the world’s first line of defense against money laundering.