Secret U.S. government documents reveal that JPMorgan Chase, HSBC and other big banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.

The records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money.

U.S. agencies responsible for enforcing money laundering laws rarely prosecute megabanks that break the law, and the actions authorities do take barely ripple the flood of plundered money that washes through the international financial system.

In some cases the banks kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecutions if they didn’t stop doing business with mobsters, fraudsters or corrupt regimes.

JPMorgan, the largest bank based in the United States, moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and Ukraine, the leaked documents reveal.

https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/

Rukaiyatu Abubakar is one of four current wives of Atiku Abubakar, vice president of Nigeria from 1999 to 2007. In 2006, Nigerian anti-corruption investigators accused Atiku Abubakar of fraudulently diverting $125 million of state revenue to private interests. U.S. prosecutors also alleged that a Louisiana congressman tried to bribe Atiku Abubakar to help a Nigerian technology company. Atiku Abubakar has never been tried in court and denies wrongdoing. Rukaiyatu Abubakar has not been accused of wrongdoing.

On March 5, 2012, Rukaiyatu Abubakar’s Guernsey Trust Company Nigeria sent more than $1 million to a company in the United Arab Emirates, Tanjay Real Estate Brokers. (GTCN exists to “manage a blind trust” for Atiku Abubkar’s benefit, according to documents received by the U.S. Senate.) Habib Bank Limited in New York filed a suspicious activity report, citing Atiku Abubakar’s history of alleged corruption, after its Dubai office received the payment. The bank’s Dubai branch explained to the office in New York that the payment was to buy an apartment and that the Dubai branch was “unaware of any existing relationship or affiliation between Tanjay and the Abubakar family.”

Habib Bank reported the transactions because they “crossed multiple high-risk jurisdictions” and because “public sources revealed that there have been numerous investigations of Mr. Abubakar … linking him to corruption allegations.”

SARs reflect the concerns of compliance officers and are not necessarily indicative of criminal conduct or other wrongdoing. The Abubakars didn't respond to an ICIJ request for comment sent to Atiku Abubakar's spokesman.

https://projects.icij.org/investigations/fincen-files/confidential-clients/#/en/rukaiyatu-and-atiku-abubakar/

The surveillance should cover a certain godfather with bullion vans...look, any anti-corruption war that ain't total is a sham and scam.

When will they show us how IBB,Abdulsalam,Obj laundered theirs?

,if Nigeria wanna great USA can and the youths can make it great,,

If revolution no happen for dis country b4 December as tins dey go after visa ban on some useless politicians...... After edo no b Lagos



Make moderator ban my account

Nice one only if they have nothing to hide.All Nigerian politicians should be under financial surveillance.

Oshiomole own nko?

What?

Why always USA

It's really going to be interesting to see how these FinCen issues play out. It just goes to show how rotten capitalism can become if it goes unchecked. Imagine an American bank laundering money for the North Koreans.

US shouldn't try shit. Atiku is our saviour, the man to librate us from the problem of Fulani herdsmen that only started after Buhari became president, return our economy to one of the top 10 globally, give us stable power like we were enjoying before 2015, make our roads motorable again like they were between 1999-2015, and bridge the long-existing gap between the rich and the poor.

Waooow nice lol

A leopard can never change its skin.

Lol.

See how hypocrites will operate on this thread, they will lambast USA because Wike is their chosen one.

Wike and Atiku are thieves, USA should mark them closely!

I won’t say more than that.

Atiku and wife as always...

Hmmm

Say What!

Corruption in Nigeria is well grounded and in grand style
It has be tackled from the root

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Wahala for Atiku's vision 2023. APC will feed on this Wella.

E

investments.

I don’t know why these politicians just have to steal beside $1m isn’t that much to be transfered by someone’s like Atikus wife
I just don’t know why this is making news

na so. right step

Ogbuu101:
When will they show us how IBB,Abdulsalam,Obj laundered theirs?

You no get sense

Na the same him and the bullion thieves still dey warm up to come rule their heads in 2023.

Nice one....

2023 PDP ticket belongs to the Igbos....

PDP will blame Tinubu for this.

Good...

Bb

PDPPYYYYYYYYY

This news is as sweet as aisha's pussy.

Two different articles on two different contexts.

I wish I didn't witness 2020