The world of global finance is once again shaken by the new leaks called the FinCEN Files after Panama Leaks, revealing how the world’s leading banks have been involved in money laundering for dubious individuals.
FinCEN Archives, which is a list of thousands of documents filed with the United States by banks and other financial institutions containing over 2,100 leaked Suspicious Activity Records (SARs) The Financial Crimes Enforcement Network (FinCen) of the Treasury Department has shed light on one such case involving Pakistan ‘s notorious money-launderer Altaf Khanani.
According to the report, the Danish newspaper Berlingske Tidende claimed that Altaf Khanani, who was arrested by the US authorities back in 2015, exchanged large and suspicious amounts for accounts in Denmark’s bank, namely Danske Bank’s branch in Estonia, via one of its central companies.
“There can be only one explanation why money has been shifted from Danske Bank to its trading firms, which is money laundering. Since it was the only thing it happened in those businesses,” says Richard Grant.
In a statement, the US Office of Foreign Assets Control (OFAC) said,” The Khanani Money Laundering Organization (MLO) is a TCO made up of individuals and organizations working under the supervision of Pakistani national Altaf Khanani, who was arrested this September by the US Drug Enforcement Administration (DEA).
In addition, the statement accused the Khanani Money Laundering Organization (MLO) of laundering illegal funds around the world for organized crime organizations, drug trafficking organizations and designated terrorist groups.