Trump-Russia Inquiry Looks at Potential for Wall Street Bank Money Laundering
NOVANEWS
By Pam Martens and Russ Martens
Wall Street on Parade
The majority of American citizens have never heard of the U.S. Treasury agency known as FinCEN – short for Financial Crimes Enforcement Network. But for those who work for Wall Street brokerage firms or the mega Wall Street banks like JPMorgan Chase, Citigroup or German banking giant Deutsche Bank, just the mere mention of FinCEN can quickly produce beads of sweat dripping onto those expensive Canali suits. That’s because FinCEN is the Federal agency where suspicious financial activity that might turn out to be money laundering gets reported. All three banks, and numerous others, have had their share of scandalous run ins with money laundering.
In recent weeks, the U.S. Senate Banking Committee, Senate Intelligenc...