ICIJ688 karma2020-09-24 17:43:32 UTC
"Banks are huge, wealthy companies that help us move our money for good reasons but they also help bad people move money for bad reasons. Banks are doing a terrible job at stopping bad people move bad money. Also, the people in our government who are meant to get the banks in trouble when the banks screw up aren't being tough enough."
That's just a quick summary! It would still have to be a pretty alert five year-old!!
We also took a stab at it in this video, where you can meet Ivan - our fictitious crime boss. https://www.icij.org/investigations/fincen-files/watch-how-money-is-laundered-through-new-york-banks/
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ICIJ558 karma2018-04-03 19:34:22 UTC
I think there's a lot more to do. But, when I take a step back, there's been a hell of a lot of impact and reform, too. Some of those are big changes -- laws in Panama, Germany and elsewhere. But in some countries, it's a change in the fact that now people think more about secretive shell companies and how powerful citizens use them to the disadvantage of others. Will
ICIJ420 karma2018-04-03 19:18:11 UTC
Hi herdherfer. Let's be honest -- lots of people got away with stashing money offshore. In many countries, no investigations were started because the Big Fish were just too big. But we've seen lots of other countries where hundreds of millions of dollars in total has been recouped and where prosecutions have started.
ICIJ252 karma2018-04-03 19:42:15 UTC
Thank you, whoisfourthwall. Hearing back from people who read and enjoyed our work (and found it valuable) is really important to keep us motivated.
Definitely, journalists are more alert than they used to be. Even crossing borders and going through airports these days, you wonder if you will be stopped and searched. I think that collaborating can have a protecting effect on journalists. Just by working together you make it harder for someone to stand in your way or silence you. Unfortunately, it doesn't always work as we have seen in Europe recently.
We take protecting sources really seriously. (And we are always looking to hear from more whistleblowers and journalists for new story ideas, too). https://www.icij.org/blog/2018/04/why-you-should-share-your-story-with-icij/
ICIJ203 karma2018-04-03 19:35:26 UTC
Good question! Very hard to find out as the US doesn't speak openly about this stuff. The FBI did tell me in an FOI recently that they couldn't provide any hard information due to ongoing probes. So maybe there is something afoot. Will
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