And it's just the cost of doing business. Big banks laundering money is nothing new. Not to mention money stolen by dictators in Swiss and German banks.
@@pakde8002 my point isn't about the banks that have always been corrupted, but I feel hypocrite to fine Google billions and fine pennies criminal banks. The only possible explanation for me is that regulators are league with them
Wy do you think brittan wanted to get out of the european union. Becouse the European commission was looking in to this. And the rich politician and rich people in Britain don't want that. That's Wy they engineered the brexit.
Its not just them, read the files, its well know financial systems like citibank, bank of america , mellon, HSBC, so many more. And the players lead back to royalty and world leaders too. They are all complicit.
@deusEx horninn kjemnr My point is this list is a politic list. It seems that the US is the angle that has never made any sins. In fact they have territories that do money laundry.
@deusEx horninn kjemnr off course I know as I worked in a financial company before. Hence that I said to you, this list is too polical just for the interest of the US government. Look at how many billionaires in the US use presidential campaign donations to laundry their income. So just ignore it
LOL. I must have 2 forms of id and fill out paperwork about how the money will be used to get 10k out of my bank that knows me. I guess when its a couple truck loads of cash its easier.
Ye I had to smile when she ask "How could that continue for so long?" Implying it would stop now. They will pay some small fee of a couple of millions again and move on with business. Deutsche Bank already learned that they are no real consequences and as she pointed out it is lucrative business even If you pay some fines here and there.
@Shemar O'Reilly is the root caused by the creature from the Jekyll Island?. It's appear to be when it is not an actual value for what it represent for itself, is as papers or an imaginary bit which is plenty or limitless. Since the gold standard rules is being change for the Fiat money, is it a balance cycles for goods and a long term stable trades.
@ it's not racism, it's highlighting a very real double standard that exists in the western world. Are you implying that this hypocrisy doesn't exist? You can't cry "hurr durr racism" to anything that makes you feel uncomfortable!
@@Ball_Chat_FC If you lump people arbitrarily together like that you can make everything a double standard. It's not like the banks are advocating for human rights and democracy. Neither it's the ordinary people who benefit from money laundering - it's the banks that allow it to happen (for example Deutsche Bank).
And once more: Non-bail jail for the top CEO. You are being paid insane amounts of money for overseeing a company and TAKING RESPONSIBILITY for that company. So when will we finally start holding the money bags responsible? Once you do that, they have an actual incentive to ensure their underlings stay clean and security isn't underfunded. As it is now, there is none, because at 'worst' they will be forced to step down and simply live out their riches.
Alblaka: it seems so obvious, doesn't it!!? and yet, it is not what is happening. You are totally spot on. Too many people make too much money from this sort of corruption and they have enough money to have the power to avoid any kind of consequences/punishment.
Imagine how many lives were ruined? $2 trillion removed from a fair market economy could have indirectly (or directly) caused thousands of deaths or permanent injury as well via financially connected causal factors?
When the fines for breaking money laundering regulations are a tiny fraction of the profit to be made, this is inevitable. Banks do not care where the money comes from, just so long as it goes to them.
I struggle to understand the scandal here. These are Suspicious Activity Reports (SARs), where banks make a report to the regulator, effectively saying "this transaction looks dodgy, do you want us to freeze it?" As much as I hate to defend the banks, in this case, they seem to be doing the right thing.
How can there still be this question "should there be criminal charges"? YES, the answer is clearly YES. You don't punish someone by fining them a tiny bit of their income from breaking laws and regulations. Which is something NONE of the people in charge will be paying out of their pockets anyway. The question is not ""should there be", the question is "HOW to make it a reality" and "WHY is something so obvious not a reality yet"?
And to the reporters: please don't ask that question with a straight face like that. Why act as if it's a normal question??? It's a ridiculous question. Better yet, don't ask it again. Ask those last two questions. By asking the first question, you're preemptively setting the playing field to their advantage. It's like saying should "slavery happen" instead of "how to stop slavery".
Yeah that’s why Obama put in place the mortgage fraud task force and trump got rid of it. Merrill Lynch and Wells Fargo helped my brother steal my share of the inheritance while I was taking care of my parents broke trying to go to school on student loans which are now in default
Banks continue to look the other way because it is very profitable for them even factoring in sanctions levied against them by governments. The moment a government hands out jail time or levies penalties that would cripple their ability to make any money, you would see such activity diminish significantly.
What makes for "suspicious funds"? Large transactions, not everyone is poor. Banks are not reporting the transactions because they're "suspicious", they're required by law to report large transactions.
I wonder why these journalists did not leak the numbers for the Swiss banks. I mean come on, if Germany is considered lenient when it comes to the details of the account owner, then what do you call the famous Swiss banks? cooperative? Important note: As the video mentions, these leaked numbers are the one reported by the banks themselves!! So this means that Deutsche Bank actively reported these transactions. Can we say the same thing about other banks? I doubt it.
Deutsche needs to be shut down, chopped up and nationalised into small local savings banks, so the majority of employees can keep their jobs, and the management needs to go straight in front of a judge.
The least shocking story of the day. You know what WOULD be shocking? It WOULD be shocking if anyone other than some low level flunky or two ever went to prison over this.
Deutsche bank does not have controls, seriously!! This action was deliberate and should be dealt with sanctions from FATF and other monetary regulators.
Bank Executives receiving life sentences would chill the behavior. Government colludes in criminality by failing to treat laundering as a taboo. Government seizure of private institutions should be on the table. A drug dealer has their car and house seized. The same would be true for corrupt institutions if Govt. wasn't a shadow of the owners of society.
Thirty years I spoke to a money trader and asked him about what regulations were governing him and where they were as I worked in the nuclear industry and basically I was required a sign a chit/book, to say that I’d signed a document that I’d signed. He looked at me and smiled, he pondered a moment, then replied. The regulations are pre Wild West, seems nothing changes?
The only valid conclusion here is that AML/KYC laws and regulation clearly don't work. They only end up excluding a large portion of the population from the financial system and pose an extra cost & burden on all of us. And yet what the correspondent seems to imply is that we need MORE of that? 🤦🏽
t's important to recognize that the filing of Suspicious Activity Reports (SARs) by banks does not necessarily indicate illicit activity on their part. SARs are a vital mechanism for financial institutions to report transactions that appear suspicious or potentially linked to criminal activity, as mandated by regulatory requirements. While recent revelations suggest systemic issues within the global banking system regarding money laundering, it's crucial to understand that the filing of SARs is often a proactive step taken by banks to fulfill their regulatory obligations and assist authorities in combating financial crimes. These reports serve as early warnings that trigger further investigation by law enforcement agencies. Therefore, the presence of SARs should not automatically imply wrongdoing on the part of the reporting institution, but rather underscores the need for continued vigilance and enforcement to address complex issues of financial crime.
This is the equivalent of a guy watching someone getting mugged, and offering banking services for the mugger to legitimatise their freshly mugged money. 👀
The authorities are overwhelmed, that's why. In the USA for example, the IRS"s budget is never increased to meet demands plus it's computer system is from the 80s. The powers that be want it this way.
It's very simple: leverage. This is a key piece in maintaining American control of the global financial system. For example, the U.S. government says "you shall not deal with Huawei". Why would you listen? Because if you don't, you'll be prosecuted for sponsoring terrorism, or money laundering for the drug cartels, etc. But if you do what the U.S. governments says, you get to keep these profits.
The woman that was the whistle blower on those files is now serving six months in prison. Whistle blowers that squeal on big time criminal organizations should understand those same criminal empires control their government and their courts.
I had an account at DB years ago.... for stocks. They harassed me for all sorts of reasons, and ultimately closed the account.... It cost me 1000 Euros. So I am surprised to hear that they were so lax about real criminals. The real reason I suspect was that they were trying to get rid of the small holders. I have the whole correspondence from the incident, and even the name of the people I phoned.
How the figure of 2 trillion came about? It is a huge some of money but the validity of the amount is subject to dispute because it is not easy to trace such huge amunt of money & huge amount of transcations invloved
I don't know , but suspicion of a shady transaction is not enough to stop a transaction. Banks do not have the legal authority to stop such transactions. Fraud and money laundering is so hard to identify, and stop, when as a bank you can only see your end of the transaction.
These criminals could not launder money without the cooperation of the banks, what do you think offshore companies and trust funds administrated by and through the City of London are all about.
Everyday, I'm a new bank! When you ask me what I did wrong, I just go blank. Yesterday, I was a new bank! Let the past be the past, our bonuses are worth a w*ank. Tomorrow, I'll be a new bank. No money to be seen here, it's just some franc. Everyday....
Why report, let others find is they can. Anyway, the banks will not stop these activities. Because no one have gone to prison. Politicians will cry the whole banking sector and country will fail if punished. Pay the fine and move away.
;) its hundreds of end points....its at the discretion of the german public opinion what actions would be taken in that regard. They have plenty to chose from
The point of that story is to kill us in a notion because they themselves are aware that nothing can be done. We are just observers as well as journalists, and democracy is the mother of all jokes, we can cry, moan, spit, swear and change absolutely nothing.
The bank fines are only around 5% of the total profit they make of the illegal deals. why would they stop. buy Bitcoin BTC and stop using the broken old system.
Interesting to see how people use this as a court action to refuse paying of mortgages and loans if the banks are shifting money for human trafficking and narcotics!
next time you hear someone complain about Bitcoin being used by illegal criminals remind them of this story
Beat me to it, well said.
Anton Petrov love your channel! Keep up the great work!
Anton, did you go to China? You do some really good, unbiased and informative videos. Pity DW is biased towards China, Russia and other countries.
WOW ! i cant believe it :))))
Thank you Anton. Love your channel.
regulators fining a bank for less than 1% of the laundered money...
seems to me they are just taking their cut!
They are corrupted.
And it's just the cost of doing business. Big banks laundering money is nothing new. Not to mention money stolen by dictators in Swiss and German banks.
@@pakde8002 my point isn't about the banks that have always been corrupted, but I feel hypocrite to fine Google billions and fine pennies criminal banks. The only possible explanation for me is that regulators are league with them
Wy do you think brittan wanted to get out of the european union. Becouse the European commission was looking in to this. And the rich politician and rich people in Britain don't want that. That's Wy they engineered the brexit.
Deutsche Bank always has a lot of explaining to do.
I wonder about American Banks. Political donations?
The fact that everyone acts as if 2008 crisis never happened and as if this is a "revelation" startles me
🤣🤣🤣True
Ah yes, it's such a reliable bank... For criminals
Its not just them, read the files, its well know financial systems like citibank, bank of america , mellon, HSBC, so many more. And the players lead back to royalty and world leaders too. They are all complicit.
if you'd think panama papers will make the world change their ways, think again
'I'm shocked, SHOCKED! Well not that shocked.' - Philip J. Fry
love it!
Oh wow...who is surprised? And no one will be surprised as things will continue to go on as they are.
@deusEx horninn kjemnr see if the US receives tax too?
@deusEx horninn kjemnr My point is this list is a politic list. It seems that the US is the angle that has never made any sins. In fact they have territories that do money laundry.
@deusEx horninn kjemnr off course I know as I worked in a financial company before.
Hence that I said to you, this list is too polical just for the interest of the US government.
Look at how many billionaires in the US use presidential campaign donations to laundry their income.
So just ignore it
LOL. I must have 2 forms of id and fill out paperwork about how the money will be used to get 10k out of my bank that knows me. I guess when its a couple truck loads of cash its easier.
Ye I had to smile when she ask "How could that continue for so long?" Implying it would stop now. They will pay some small fee of a couple of millions again and move on with business. Deutsche Bank already learned that they are no real consequences and as she pointed out it is lucrative business even If you pay some fines here and there.
Blame it on Iran and Syria hahaha I bet they were like 1% of it
@Sebastian Thor exactly
Israel is a corrupt country with a bad history
@Sebastian Thor they sent 2 billions to isis in Iraq no one talk about it whyyyyyyyy
At this stage I'm not even trying to pretend that I'm shocked
Yifei Ma Yeah, this has been going on for a while now. And I doubt it’ll stop any time soon. They’ll just find another way around the system.
@@jo-vf8jx yeah, especially when they are the ones creating the system
Everyone knew this was happening 🤣🤣🤣
Is this has to do with what they called helicopter money and repo market?
@Shemar O'Reilly is the root caused by the creature from the Jekyll Island?. It's appear to be when it is not an actual value for what it represent for itself, is as papers or an imaginary bit which is plenty or limitless. Since the gold standard rules is being change for the Fiat money, is it a balance cycles for goods and a long term stable trades.
And nothing will happen!
in other news, water is wet.
CageyBee ... must remember that line😅😅😅
only 7likes ;) thats.... handcuffs for MANY :))))
I love how the west talk about human rights and democracy but doesn't mind taking all that blood money.
I didn't see any bankers joining human rights protests. What have the ordinary people in the West to do with big international banks?
that was a statement very close to pure racism.
should I judge all of India bc of Modi?
@ it's not racism, it's highlighting a very real double standard that exists in the western world. Are you implying that this hypocrisy doesn't exist? You can't cry "hurr durr racism" to anything that makes you feel uncomfortable!
Shhhh we don't talk about the blood money 🤫
@@Ball_Chat_FC If you lump people arbitrarily together like that you can make everything a double standard. It's not like the banks are advocating for human rights and democracy. Neither it's the ordinary people who benefit from money laundering - it's the banks that allow it to happen (for example Deutsche Bank).
And once more: Non-bail jail for the top CEO. You are being paid insane amounts of money for overseeing a company and TAKING RESPONSIBILITY for that company. So when will we finally start holding the money bags responsible? Once you do that, they have an actual incentive to ensure their underlings stay clean and security isn't underfunded. As it is now, there is none, because at 'worst' they will be forced to step down and simply live out their riches.
Alblaka: it seems so obvious, doesn't it!!? and yet, it is not what is happening. You are totally spot on. Too many people make too much money from this sort of corruption and they have enough money to have the power to avoid any kind of consequences/punishment.
Put the bankers into prison!
The fact that everyone acts as if 2008 crisis never happened and as if this is a "revelation" startles me
People are very quick to forget. Completely distracted by their obsession with their meaningless, materialistic bubbles. Humanity has failed itself.
Imagine how many lives were ruined? $2 trillion removed from a fair market economy could have indirectly (or directly) caused thousands of deaths or permanent injury as well via financially connected causal factors?
Incase you didn't know .. the system was not designed to benefit you and me.
Looks like the best criminals .... Have it made...even when caught
They don't have to give up the cash or go to jail
When the fines for breaking money laundering regulations are a tiny fraction of the profit to be made, this is inevitable. Banks do not care where the money comes from, just so long as it goes to them.
I struggle to understand the scandal here.
These are Suspicious Activity Reports (SARs), where banks make a report to the regulator, effectively saying "this transaction looks dodgy, do you want us to freeze it?"
As much as I hate to defend the banks, in this case, they seem to be doing the right thing.
Yet another load of documents that confirm the wrongdoings that we all know take place
2 trillion? give me a break its probably 10 times that amount.
BLOCK CHAIN
@Shemar O'Reilly so my guess is that you work for the banks
Money laundry? Well the USA has Virgin island to do money laundry. The financial companies pay tax to the US government.
US has FACTA, it’s impossible to avoid.
Nothing to see here, put your mask on and move along.
You're blind!
If the fine is less than the profit, then the governments are just taking a cut.
Banks are corrupt... No way.
Duhhh 😒
Now what about American banks?
DW, please do a better job!
Liesl you can research
My hat off to the excellent investigative report by the ajournalists.
How can there still be this question "should there be criminal charges"? YES, the answer is clearly YES. You don't punish someone by fining them a tiny bit of their income from breaking laws and regulations. Which is something NONE of the people in charge will be paying out of their pockets anyway.
The question is not ""should there be", the question is "HOW to make it a reality" and "WHY is something so obvious not a reality yet"?
And to the reporters: please don't ask that question with a straight face like that. Why act as if it's a normal question??? It's a ridiculous question. Better yet, don't ask it again. Ask those last two questions.
By asking the first question, you're preemptively setting the playing field to their advantage. It's like saying should "slavery happen" instead of "how to stop slavery".
Crime pays better than being an employee
Dodgy Deutsche
No need for racism, all banks are born equal, equally corrupt!
dolceanstar and All men are born equal
Yeah that’s why Obama put in place the mortgage fraud task force and trump got rid of it. Merrill Lynch and Wells Fargo helped my brother steal my share of the inheritance while I was taking care of my parents broke trying to go to school on student loans which are now in default
Banks continue to look the other way because it is very profitable for them even factoring in sanctions levied against them by governments. The moment a government hands out jail time or levies penalties that would cripple their ability to make any money, you would see such activity diminish significantly.
Where's ANONYMOUS when you need them? They can figure it all out!
its not about Deutsche bank having lax control, laundering money is part of their business model
Pape Gueye, they've got 45 as their largest client. of course we been knew !
Shameless greed.
What makes for "suspicious funds"? Large transactions, not everyone is poor.
Banks are not reporting the transactions because they're "suspicious", they're required by law to report large transactions.
I wonder why these journalists did not leak the numbers for the Swiss banks. I mean come on, if Germany is considered lenient when it comes to the details of the account owner, then what do you call the famous Swiss banks? cooperative?
Important note: As the video mentions, these leaked numbers are the one reported by the banks themselves!! So this means that Deutsche Bank actively reported these transactions. Can we say the same thing about other banks? I doubt it.
Deutsche needs to be shut down, chopped up and nationalised into small local savings banks, so the majority of employees can keep their jobs, and the management needs to go straight in front of a judge.
The least shocking story of the day. You know what WOULD be shocking? It WOULD be shocking if anyone other than some low level flunky or two ever went to prison over this.
6:40 That's not gonna be enough.
Obviously the Buisness structure is in the way of Justice..
They are too Big to NOT be Corrupt.
This is important! I love all the strong people who do the right thing! I love you so much! Thank you!
it is a horror show for your financial privacy doing the OPPOSITE of what you are supposed to do is EVIL
Criminals helping criminals.
Credit to banks that circumvented illegal sanctions. Money laundering is commited by government politicians on a regular basis including in the US
Great reporting 👍
I wish Mr. Sullivan, the business reporter, would not ask "Why is it happening?" with such bewilderment.
The House NEVER loses!
Any info on the source that provided all those docs? Like how did they been obtained? That's fascinating
I think DW has been mentioning this in other stories.
Deutsche bank does not have controls, seriously!!
This action was deliberate and should be dealt with sanctions from FATF and other monetary regulators.
And they might get their hands slapped😂.
We have all known this for some time. When banks can investigate themselves, they will do so only to their profit.
It used to be that it's not what you know but what you can prove. But now even what you can prove is unbelievable.
there's no hope when the whole world is corrupt
Yes, VERY high fines and criminal prosecutions should be ongoing.
Does anyone know what was flying behind her head at 5:39? It looks like a small jet. You can then see it move between the buildings on the right.
Bank Executives receiving life sentences would chill the behavior. Government colludes in criminality by failing to treat laundering as a taboo. Government seizure of private institutions should be on the table. A drug dealer has their car and house seized. The same would be true for corrupt institutions if Govt. wasn't a shadow of the owners of society.
I can't believe that business people would be dishonest.
Thirty years I spoke to a money trader and asked him about what regulations were governing him and where they were as I worked in the nuclear industry and basically I was required a sign a chit/book, to say that I’d signed a document that I’d signed. He looked at me and smiled, he pondered a moment, then replied. The regulations are pre Wild West, seems nothing changes?
You should learn about this stuff in star wars. Banks like to earn money so what do you expect, they will play in both sides.
is anybody surprised? banks, central banks and politicians are in this together.
North Korea jumped on the bandwagon too... how do you think he got his new limousines?
The only valid conclusion here is that AML/KYC laws and regulation clearly don't work. They only end up excluding a large portion of the population from the financial system and pose an extra cost & burden on all of us.
And yet what the correspondent seems to imply is that we need MORE of that? 🤦🏽
t's important to recognize that the filing of Suspicious Activity Reports (SARs) by banks does not necessarily indicate illicit activity on their part. SARs are a vital mechanism for financial institutions to report transactions that appear suspicious or potentially linked to criminal activity, as mandated by regulatory requirements. While recent revelations suggest systemic issues within the global banking system regarding money laundering, it's crucial to understand that the filing of SARs is often a proactive step taken by banks to fulfill their regulatory obligations and assist authorities in combating financial crimes. These reports serve as early warnings that trigger further investigation by law enforcement agencies. Therefore, the presence of SARs should not automatically imply wrongdoing on the part of the reporting institution, but rather underscores the need for continued vigilance and enforcement to address complex issues of financial crime.
Where can we find the full documentary ?
So some bank did not follow sanction set by the USA is "dirty money"... It is the US way or the highway 🇺🇸🤔🤜🏻😵
This is the equivalent of a guy watching someone getting mugged, and offering banking services for the mugger to legitimatise their freshly mugged money. 👀
The authorities are overwhelmed, that's why. In the USA for example, the IRS"s budget is never increased to meet demands plus it's computer system is from the 80s. The powers that be want it this way.
We might not be shocked. But we shouldn’t just dismiss it and forget about it, this should be pushed on
It's very simple: leverage.
This is a key piece in maintaining American control of the global financial system. For example, the U.S. government says "you shall not deal with Huawei". Why would you listen? Because if you don't, you'll be prosecuted for sponsoring terrorism, or money laundering for the drug cartels, etc. But if you do what the U.S. governments says, you get to keep these profits.
You can not be decent in a corrupt system.
The woman that was the whistle blower on those files is now serving six months in prison. Whistle blowers that squeal on big time criminal organizations should understand those same criminal empires control their government and their courts.
I had an account at DB years ago.... for stocks. They harassed me for all sorts of reasons, and ultimately closed the account.... It cost me 1000 Euros. So I am surprised to hear that they were so lax about real criminals.
The real reason I suspect was that they were trying to get rid of the small holders. I have the whole correspondence from the incident, and even the name of the people I phoned.
wow what a surprise... so shocking, how could of this happned...
What would be shockingly impressive is if you actually exposed the people. Not generalities that everyone already know. Boring....
I was just sitting here waiting for Trump to be mentioned @2:30. No shock here everyone knows he's a crook.
How the figure of 2 trillion came about? It is a huge some of money but the validity of the amount is subject to dispute because it is not easy to trace such huge amunt of money & huge amount of transcations invloved
I don't know , but suspicion of a shady transaction is not enough to stop a transaction. Banks do not have the legal authority to stop such transactions.
Fraud and money laundering is so hard to identify, and stop, when as a bank you can only see your end of the transaction.
The big question is why is it surfacing now of all times??
Don't forget about Judge
Salas and her son. In July this year He was shot & killed in his home. his mom was assigned a case regarding Deutche Bank
*Bitcon and decentralized finance as hedge against Banksters*
Banks just saying no to a couple of trillion shady dollars? Not on this planet, baby.
These criminals could not launder money without the cooperation of the banks, what do you think offshore companies and trust funds administrated by and through the City of London are all about.
The things only change to the worst, who would thought that.
Everyday, I'm a new bank!
When you ask me what I did wrong, I just go blank.
Yesterday, I was a new bank!
Let the past be the past, our bonuses are worth a w*ank.
Tomorrow, I'll be a new bank.
No money to be seen here, it's just some franc.
Everyday....
Why report, let others find is they can. Anyway, the banks will not stop these activities. Because no one have gone to prison. Politicians will cry the whole banking sector and country will fail if punished. Pay the fine and move away.
What's the point of this story????
;) its hundreds of end points....its at the discretion of the german public opinion what actions would be taken in that regard. They have plenty to chose from
The point of that story is to kill us in a notion because they themselves are aware that nothing can be done. We are just observers as well as journalists, and democracy is the mother of all jokes, we can cry, moan, spit, swear and change absolutely nothing.
Put. Them. In. Jail. Executives. CEOs. Take it to the top.
Give them a fine on 3 or 4 trillion dollar.
Always try to show Trump in a bad light when Q has been saying this was going to happen for years. Wait to you see what happens next
This time they can't get away with it. We need to put those guys in prison!
The bank fines are only around 5% of the total profit they make of the illegal deals. why would they stop. buy Bitcoin BTC and stop using the broken old system.
Legal pot now.
No one knows better than the banks that crime pays.
Interesting to see how people use this as a court action to refuse paying of mortgages and loans if the banks are shifting money for human trafficking and narcotics!
Bankers don’t have to explain anything. Bankers don’t go to jail, at most, they get fired from one bank but immediately hired by another.
let's see what comes out but 'suspicious' doesn't mean definitely criminal
$2 Trillion doesn't seem as big a deal as it used to.
Nothing surprises me, it's Standard procedure, business as usual, no one is going to jail.