Every year corruption costs the German economy an estimated €100 billion. Many of the culprits are company executives. But what are the motives for financial fraudsters?
Shady transactions for Wirecard, the porn industry and dubious customers from Afghanistan: The FinCEN files cast the Turkish Aktif Bank in a bad light and suggest evidence of money laundering.
There is an embargo on oil business with Syria, but it still takes place. The FinCEN Files, international research on money laundering, corroborates this. And Turkey's largest oil company appears to play an uncanny role.
The FinCEN files are the result of extensive international research on money laundering and financial crime. They show how dirty money is shuffled around the world and how banks fail to stop this flow of money.
Leaked documents have yet again exposed the failure of governments to rein in money laundering. It’s no different in Germany, where the financial regulators seem to be struggling to get their act together.
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