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Watch: How money is laundered through New York banks

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By 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.

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