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Leak links Swiss banks with money laundering operation

National News // Sept. 21, 2020

A new leak is linking Swiss financial institutions with potential money laundering operations involving Venezuela and other countries.

Pixabay Leak links Swiss banks with money laundering operation

Dubbed the Fincen Files – which stands for the Financial Crimes Enforcement Network – are being examined by the International Consortium of Investigative Journalists. The same organization which unveiled the Panama Papers.

The numbers are staggering – it suggests USD 2trn moved around the world between 2008 and 2017 in suspicious transactions.

Banks in cantons Zug, Ticino and Geneva are identified as being involved with suspicious currency transactions.

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