Published
4 years agoon
By
NewsTeamBy filing suspicious activity reports to regulators, big banks in the U.S. can collect transfer fees on suspicious transactions. Failure to file a SAR can expose banks to fines or penalties.
Contributors – Designer: Ben Kothe/Buzzfeed News; Animator: Zachary Ares/Buzzfeed News; Narrator: Sara Yasin/Buzzfeed News
The post Watch: How money is laundered through New York banks appeared first on ICIJ.