Pakistani banks, MLOs mentioned in FinCEN leaks
Six Pakistani banks and the Khanani Money Laundering Organisation (MLO) have been named in the FinCEN files which comprise of leaked data from the US treasury regulator which implies global money laundering of $2 trillion between 1999 and 2017 via mainstream banks. More than 2,100 Suspicious Activity Reports (SARs) had been shared by Buzzfeed News with the International Consortium of Investigative SJournalists (ICIJ) which exposed how the global financial system was unprepared against organised money laundering operations. Globally, Deutsche Bank facilitated $1.3 trillion worth of ‘suspicious’ transactions while JP Morgan Chase passed over $500 billion while flagging the transactions in
