Report: FinCEN Files Reveal Billions In Suspicious Money Flows
PYMNTS
SEPTEMBER 21, 2020
Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Since 2010, prosecution has been delayed by 18 banks for anti-money laundering, according to BuzzFeed.
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