Thousands of documents detailing $2 trillion (£1.55tn) of potentially corrupt transactions that were washed through the US financial system have been leaked to an international group of investigative journalists.
The leak focuses on more than 2,000 suspicious activity reports (SARs) filed with the US government’s Financial Crimes Enforcement Network (FinCEN).
Banks and other financial institutions file SARs when they believe a client is using their services for potential criminal activity.
However, the filing of an SAR does not require the bank to cease doing business with the client in question.
The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa...
