the only people that will be punished for the corruption are those who released the information.

Wealthy politicians don’t really want to find the corruption. They are supported by these funds.

Where would financial crime be without the banks to process the ill-gotten money!

If normal citizens steal even a 1000$ from the bank, they will be sentenced for years. However, if you are rich that rule doesn't apply for you.

@jamesjames3525

3 жыл бұрын

the law enforcement has been established to protect their wealth.

@gmmg3220

3 жыл бұрын

Exactly

@jamesjames3525

3 жыл бұрын

@@gmmg3220 we all know, but some of us pretend everything is ok, some of us ignore it, while other just don't care.

@mpua3009

3 жыл бұрын

That is why we glorify liberal democracy. The power of money not people power. We elect people that will be bought by money, money money.

@parahattajov9359

3 жыл бұрын

@@jamesjames3525 unfortunately yes

Finally some brave people start talking about this decades old problem....hope to see more of this

@Melissa-zy6qi

3 жыл бұрын

well Virgin Island, Ireland are example or countries allow to money laundry. JP Morgan etc are banks that involve in money laundry.

@yebolact2918

3 жыл бұрын

Why not Bermuda, Maldives, Singapore, Hole world,,,,

@MyMikey88

3 жыл бұрын

@@Melissa-zy6qi Eu countries should not allow money loundry-Cyprus,Luxembourg,Monaco,Austria are also bad examples

@josebazocosta9341

3 жыл бұрын

DELAWARE THE WHOLE SYSTEM FOR THE FEW

@Melissa-zy6qi

3 жыл бұрын

@@MyMikey88 Yup dont donation for the USA presidential election is not free from money laundry. you also forgot England, the USA, Swiss, Singapore, etc Those countries have jurisdiction that allow people to put their money there and banks will not allow everyone to know who has accounts on those banks.

Banks should be nationalized and made non-profit. It is obviously a conflict of interest for them to be out for their own profits instead of keeping peoples money safe.

@lordy1952

3 жыл бұрын

You mean bank should be come credit unions? Bank number one goal is to make money. Complying with the law is secondary.

@disrael2101

3 жыл бұрын

Perfect ideA

I switched banks to a small sustainable bank. My amount maybe small, but I don't want to be a part of the schemes.

@Zov631

3 жыл бұрын

It may be the case but u just don't realize

@TheSmartLawyer

3 ай бұрын

Smaller banks are often owned by criminals laundering their own money and who want to do their own financing on very favorable terms and conditions.

The bank itself is the most important element of corruption, without banks no corruption !!!

@goodlivesmatter7238

3 жыл бұрын

I dobt it daree too corrupt

@goodlivesmatter7238

3 жыл бұрын

But stay safe

@somethingelse9228

3 жыл бұрын

They can then just use casinos for the same purpose but of course removing banks would take out a big chunk from the laundering economy

@sabinoluevano7447

2 жыл бұрын

Humans are the problem. No matter what institution you get rid off, a lot of humans will be corrupt.

@somethingelse9228

2 жыл бұрын

@@sabinoluevano7447 System can be used to control this tendency to corruption. If the system's incentives are aligned in the opposite direction.

Why am I not surprised?...

@jamesjames3525

3 жыл бұрын

you shouldn't its common practice.

@bennyrashasha9920

3 жыл бұрын

Because we are conditioned.

@jamesjames3525

3 жыл бұрын

@@bennyrashasha9920 TRUE.

Bad banks, bad banks, what you gonna do when they wash money for you?!

I like the separation glass, it allows for people to come on the studio instead of zoom/Skype.

Meantime average Joes have to jump through hoops sometimes to open accounts and even have to explain to banks what money is from or for.

Great report. More please, I would prefer to learn it from DW News. Things are changing so fast, perhaps you should make it a monthly report.

I wanted to hear Vendeline's answer to the final question: Are things going to change?

@parahattajov9359

3 жыл бұрын

In the long term.... No

Living in Massachusetts many years ago as a child, my dad lost 25 grand when Bank of New England went out after it was busted for laundering billions in coke $$$.

In some country, only 7 millions population but there are 40 banks. Most of them don't do any transaction !

After dealing with the ASB a bank here in New Zealand. It has put me off using banks so much that I now only use the bank for my pay to go into then I withdraw it. The Fiat system and banking system is broken and needs replacing. Banks are not trustworthy

If you withdraw more than $5,000 in cash to say pay for a car in a cash offer or whatever you get a suspicious activity report (suspected laundering or drug dealing) even if it's for legit purposes...If they don't file the report they can have trouble or fines.

it's funny how they talk about the banks, policy makers and then money launderers like they are all separate groups of ppl. I'm sure many of these ppl are related (either by blood or close social ties) - or they could very well be the same ppl

This will never go anywhere substantial, too many world leaders and very rich people involved.

Bravo, DW/Buzzfeed, for more fantastic investigative journalism!!!

@bird5627

3 жыл бұрын

Very general news, no names. Collection of what can be found on FATF and other AML and professional sites. Point finger to middleman, make cops make them tell real names and remove Trumps, Putins and Berlusconis from public live ie lock them in some block of flats give them remote controller and TV and no outside space. I think the main advisory role of every former PM and president is how to swiftly update you on methods of hiding money

I work at Deutsche Bank and I categorically refuse on behalf on my employers these ridiculous allegations. My Job title? I am a sanitary supervisor, ie, I clean restrooms at Taunusalage 12 in Frankfurt am Main.

Prosecutors must stop making sweetheart deals that give these criminals a free pass - no jail time for a fine. These fines are recuperated in a fiscal quarter; and then it's the same thing again. It's just an equation of cost vs benefits for the tortfeasors; but society has to pay the costs. Tax shelters must have the beneficial owners, to shine a light on these criminality.

No surprise it will pass under the radar just like 'Panama Papers'

Put enough rich people in jail and it stops.

@teksal13

3 жыл бұрын

Small percentage of 'Rich People' are criminals.

@iruns1246

3 жыл бұрын

@@teksal13 Yep. Mostly because they either pay the lawmakers to make the laws that benefit them, or pay law enforcement to look the other way, or pay people to look for and use loopholes in the law books. Or all of the above. Mostly all of the above.

@megetmorsomt

3 жыл бұрын

@@iruns1246 That is an absolutely perfect description of the problem.

@horaciomartininchausti6258

3 жыл бұрын

That's is like dream which never will be accomplished...😄😄😄😄

@jamesjames3525

3 жыл бұрын

when there is an absolute endless money supply nothing ever works. too many average folks get involved for a quick dollar.

Anybody who's dealing with money is corrupt

Really great content. Just rises the question of why BuzzFeed keeps pushing a lot of content that is very subjective and often ridiculous. Please keep up the great work and keep people in your organization that has the guts, power, connections, and experience to process and create valuable content like this.

@infidelapostate3094

3 жыл бұрын

😂 let me guess... you think BuzzardFood is focused on "journalism" not *_viral videos._* 🤣

Have you ever seen a bank next to a church?

I lived and worked on Guernsey. And the aswer is: Yes.

Banks and Corruption classic as Fish and Chips

I am very very happy, that we saved those banks in 2008/09 ! So they could continue working with our local and international criminals.

I turned on auto generated captions and I'm thoroughly impressed that speech recognition perfectly understands heavily accented speech

I like how the oligarchs and terrorists are in the same list. Nice touch 👌

What makes me sad is that most of these correspondent banks, as well as Deutsche Banco, when it comes to African banks have an unusual requirement when it comes to complying, that is, having a solid Compliance Structure within any African bank (COMPLIANCE), if it does not present a perfect compliance policy, I can well say, they immediately cut the bank correspondence relationship with your institution. It is not the first time, I hear that these renowned banks have these practices, in my view, these banks, as already mentioned, are the main money laundering machines in the global financial market. With much love I send best regards from Angola

This will never end. Greed is inherent in human beings, and those with narcissistic personalities and access to power will do whatever it takes. Human beings for the most part if given the opportunity will do the wrong thing.

@Andre-xf7tp

2 жыл бұрын

It can be reduced greatly, with the right policies: No central bank, meaning no FIAT money and less taxes for the government

@nightheist2191

2 жыл бұрын

@@Andre-xf7tp and then no public infrastructure or army . Boom gets invaded and everyone dies

@Andre-xf7tp

2 жыл бұрын

@@nightheist2191 That should be paid with taxes not with loans to the central bank.

@Andre-xf7tp

2 жыл бұрын

@@nightheist2191 But still if you want the Central Bank, than at least get rid of the FIAT

@jeanmatthews3899

2 жыл бұрын

@@Andre-xf7tp a fiat currency is more flexible and easily adopts to massive changes in spending

Thank you for your reporting on this.

And this news shocked someone?

It's strange seeing Buzzfeed News portrayed as a serious news source.

@joblo497

3 жыл бұрын

It's strange Assange is not free 🏃

@Thor.Jorgensen

3 жыл бұрын

Buzzfeed News isn't a news source. They are a company. As is Politico, and Economist, and DW News. You should know the difference between a news source and a company. You can always trust a news source, but you can't always trust a company. And Buzzfeed brokers neither 100% lies nor 100% truths. The VAST majority of those who read news never ever actually look at sources. Let's take this video for example. Tell me, what are the primary sources of the claims made on this video?

I would suggest an international version of US RICO Act (Racketeering Influenced Corrupt Organization).

'In the long term? No.' Great delivery.

The motivation for profits of banks does not account for state banks or cooperative banks, like Spardabank in Germany. Have the big stock banks compete more with the fairer ones. The US banking bailout of corporate banks is political corruption for attaining a misallocation of state funds to corporate entities.

"We don't know whistleblowers' motivations..." Yeah, sign me up for Politico. Top notch J there.

What about providing financial incentives for investigators? If they discovered a case, they’d get a certain percentage of the money 💰that would flow back into the State’s cash register for their team.

As if we didn't know this already. So put it in paper and print those names! Don't hide out in you tube talking about it. Bring the evidence forward directly to the people. *That's what I thought, all talk, no action!*

@bird5627

3 жыл бұрын

Very good point. Their names won't tell us much argument is a bs argument. If they represent someone else, we should make sure these middleman are exposed first and that they stay alive long enough to point fingers at the Trumps and Merkels of the scams

@adhaninvestmentgroupltd.111

3 жыл бұрын

Most of the media moguls (who are also part of this scheme) will not allow this expose so am not surprised this will not even flinch the elites

@DonTheConPrison2024

3 жыл бұрын

@@adhaninvestmentgroupltd.111 Then we should ban the media and hold them hostage till they put out the FACTS over the airways while supplying the evidence on paper to the public! It's not that much work to type it up and OWN WHAT YOU SAY!

@jamesjames3525

3 жыл бұрын

the banks are constantly caught and fined multiple times. but it keeps happening. you want evidence? the bank of Wales in Australia is the latest, caught and fined. do you thin k this will stop it? I don't think so.

@DonTheConPrison2024

3 жыл бұрын

@james James The entire congress and senate are money launderers with the grifter family at the helm. Elect a new captain, then replace the crew. Teach them a lesson which they can't ignore, that they work for the people! If trump isn't used as an example, it's over for the people. Our 1st amendment will soon be the next thing to go. Today you can get arrested talking back to an official, or anyone above your pay grade.They will out lawyer you, break your savings. Freedom of speech is only free when it involves words the three branches of government and CEOs don't care about such as within social sites as this one. It's Stock market profits for them. I know I'm off topic but it's all connected, isn't it.

Intersting in the wake of new FinCen rules in registering small companies

I've again focused in on banks and their troublesome practices while watching the Feds raise interest rates multiple times and yet the last two huge rate increases have not budged the savings side rates. Mortgages are a lot, car loans as well...but savers, small ones mostly, are not seeing corresponding savings rate increases. Banks must be making a killing right now.

Excellent news piece.

@camishnaderulo4052

3 жыл бұрын

How can we be together I want to be a freemason

@camishnaderulo4052

3 жыл бұрын

Hi madam could I be together coz I want to be a Freemason like you?

Revenue targets and big bonuses naturally breed this behaviour in Banks

Bank and corruption,name me a more iconic duo.

@moviesjean23

3 жыл бұрын

Cristiano Ronaldo and Lionel Messi

Great channel

It won’t stop and there is no stopping it, any banking should be monitored by a department made to catch such corruption.

Isn't draining money out of corrupt dictatorships a good thing? If the Russian, Chinese, Saudi etc state gets less money for weapons, so much the better.

Why is the word “jail” never mentioned? These commentators are part of the problem! Frog walk some bank ceos to JAIL!

@augurcybernaut4785

3 жыл бұрын

If they are all in jail then who will pay the politicians?

When Banks look in the mirror they see Governments and vice versa

Dope background music!

Wow! This is news to me.

The problem comes when some groups gather more money than states or public administrations. If money is power, some groups of people could gather more power than states. As well people who have made clean money will be competing in makers with huge amounts money coming from crimes.

This gives me those Mr. Robot Evil Corp vibes

Last time Deutsche Bank plead guilty to money laundering in a suit brought by the State of New York, the investors waited on hot coals for the verdict. Seconds after the verdict came down, the share price went up, up, up! When a homeless person sells his government check to a dealer, he goes to jail (definitely!). When bankers launder billions thus hurting the economies of nations, they get fined. Why? Bankers are too fine for jail? Then the prosecutors start dealing with bank managers who actually pay the fines out of their shareholders pockets. Put the money laundering scoundrels in jail so that they can mingle with the people who they have hurt.

@GAURAV25855ify

Жыл бұрын

Including the HSBC

Why you ask...money...turns around the world is a popular song in Cabaret...

Keep a monetary team who regulates under Reserve Bank for all illegal or shady activities

Satoshi Nakamoto must be a Saint after watching this ......

Wonderful

Where is the IRS when you need them?...oh yeah i forgot the IRS work for the system not against it.

Praying for all! Psalm 37:1-13, "Fret not thyself because of evildoers, neither be thou envious against the workers of iniquity. For they shall soon be cut down like the grass, and wither as the green herb. Trust in the Lord, and do good; so shalt thou dwell in the land, and verily thou shalt be fed. Delight thyself also in the Lord: and He shall give thee the desires of thine heart. Commit thy way unto the Lord; trust also in Him; and He shall bring it to pass. And He shall bring forth thy righteousness as the light, and thy judgment as the noonday. Rest in the Lord, and wait patiently for Him: fret not thyself because of him who prospereth in his way, because of the man who bringeth wicked devices to pass. Cease from anger, and forsake wrath: fret not thyself in any wise to do evil.For evildoers shall be cut off: but those that wait upon the Lord, they shall inherit the earth. For yet a little while, and the wicked shall not be: yea, thou shalt diligently consider his place, and it shall not be. But the meek shall inherit the earth; and shall delight themselves in the abundance of peace. The wicked plotteth against the just, and gnasheth upon him with his teeth.The Lord shall laugh at him: for he seeth that his day is coming." Romans 12:19, "Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord."

This is completely natural. There is nothing wrong here. The system was not designed for you and me.

A lot! Look at the tax havens in the islands, eastern europe, London itself and wallstreet

One more thing, remember that the business of banking is the less profitable business that banksters can operate if they are as dishonest as I believe: they have access to companies' private financial information. Thus, the banksters' cronies can engage in insider trading, which is ubiquitous. Moreover, they (and the "Federal" bankster Reserve) control companies' fates and share prices by granting or denying them credit which potentially makes it easy for them to advise their cronies to make bets on those companies' share prices. Do you ever wonder how most politicians take office, supposedly put their assets in "blind trusts," and then after they leave office they are somehow multimillionaires? Do any of you have access to such great "advice" that your modest savings of maybe a million get turned in a limited number of years into many, many millions -- with amazing regularity? The banksters can also pick who will win in any financial contest. If you are a banksters' crony, you can get ultra-low interest loans and overwhelm any opponents who have to get financing at regular rates. If you are not sufficiently friendly to the banksters, they can deny you access to any type of credit or discourage people from doing business with you, e.g., suppliers. I do often wonder if any of our US or EU largest companies are truly independent and if any of them are controlled by or subservient to the banksters or organized crime groups connected to them. It would explain how "The Quiet Coup" that Simon Johnson wrote about occurred. Watch "Money laundering, oligarchs, terrorists: How corrupt are the banks?" in DW's To the Point. Read the foreign press as to organized crime and banks. Google banks and corruption. Ever wonder why the 15 billionaires that Forbes Magazine reported own US media do not allow their media to cover this corruption of US banks more prominently?

No one talking about how a tabloid-equivalent BuzzFeed is sitting on the table talking about money laundering and corruption?

Very very old problem... At the end of the day, all these big banks are too big to fall... Governments will always endorse these financial entities.

I don't blame policy makers , they're probably getting threatened by the world's most dangerous people.

Germany - “Italy your so corrupt, full of organized crime, and require less spending!” Italy - “Ok! Ok! But first ... Where is all our money going?!”

@dafrasier1

3 жыл бұрын

Catholic Corruption. root cause Vatican, The Church. BAD.

@Flex2212

3 жыл бұрын

Ah the Germany-bashing. Exactly as tiresome as the Italy-bashing. At least the Germans do not vot for Fascists in droves. Did you know that the average Italian is welthier than the average German?

@michelangelomissoni945

3 жыл бұрын

Eisen59 I did know! Yes, as wealth based on PPP (because cost of living is lower) Italy’s has a bigger middle class. No such thing as Germany bashing here. Just facts that all nations are corrupt and human. When Italy had Berlusconi nobody saw it as a warning for the West? People just laughed and thought “ohh poor Italy!”. Instead they should have been taking notes

@michelangelomissoni945

3 жыл бұрын

andrejagreen all nations are human, some less than others.

Great question, How much the banks are criminal?

REMEMBER ONLY 2 TRILLION DOLLARS THAT YOU KNOW OF...........IT WOULD BE A LOT MORE

AI? more like blockchain and something like the ILP would do the job better where the transactions are transparent to see for everyone. The technology exists but the will doesn´t as usual.

Where's Madrid ? Go Geneva.

How corrupt? Very ...

Europe (usually) has the best news, best technology, the best music, ...and ladies, please!

Laundering requires a Laundromat, hence the definition money laundering.

So bank follow the letter of the law, but the government agencies aren't taking action. Who is to blame?

I am a banker and I approve this message.

How corrupt are the banks? Name your price.

Oops, you misspelled the title, it should have been; "How corrupt is Deutsche Bank?"

Accusation and penalties ... banned these banks ...

Is anything going to change? In the long term? NO. That sums it up.

The top 5% richest people in the world are the ones who are doing all of this money laundering. They are also the people who run the corporations and the countries of the world. So how do you think you’re going to change any of this?

Keep publishing

If you had that much money running through your home, what would you do?

@PHlophe

3 жыл бұрын

Tommy what would YOU do.

@gabrielsilvas692

3 жыл бұрын

😂😂

what they say is incorrect or bs. when it comes to small money,they are well equipt. when it comes to big money they are not equipt or in on it

The music is too much.

I love how casual and still assertive Matthew Karnitschnig is with his responses. He seems to be saying you can report on this all you want, but the systems in place also do all this other stuff, so you can't really do anything about it. Tech must step up. Bitcoin is a good first step.

@bauron1985

3 жыл бұрын

And that is how he ended!! LOL!

@gabrielsilvas692

3 жыл бұрын

It might just make it even easier to get away with with decentralize currency

@bauron1985

3 жыл бұрын

@@gabrielsilvas692 Banker Alert!!

@gabrielsilvas692

3 жыл бұрын

@@bauron1985 na just know a little about bitcoin and how sketchy its gonna be that's all lol this dude said banker alert 😂

@bauron1985

3 жыл бұрын

A little learning is a dangerous thing; Drink deep, or taste not the Pierian spring Alexander Pope

How much money came to the con man in chief from Russia ?

@dariostrassli7024

3 жыл бұрын

Ask Beijing Biten's son

@KJSvitko

3 жыл бұрын

@@dariostrassli7024 Russian troll

Public - how corrupt is Deutsche bank Bank - u do not even have an idea Laugh among other banks 😂

@GAURAV25855ify

Жыл бұрын

Deutsche and HSBC are the most corrupt banks

What do you expect from the finest political, financial, regulatory and mainstream media systems money can buy?

@Masami_Salami

2 жыл бұрын

Certainly not a story about Hunter Biden’s laptop.

Financial power should be controled by legitimate government and should be nonprofit just like government official politician or religious leaders

Tax havens should be illegal. Billionaires should not exist. People should be free to move around, but money movements ought to be limited and controlled. There should be more transparency about how the system works, so that normal people can understand and make reasonable democratic decisions.

@ZiomekPatrykC

3 жыл бұрын

Oh, and people (bankers, polititians etc.) responsible for money laundering should go to prison or get the d penalty.

AI will support ML. Backlogs of FIUs must be beneficial to politicians. There are 2 scenarios of overall backlog in established democracies where investigative media still exist or more selective backlog (equal and more equal pigs) where politicians decide which cases to review. If there is such an f up in DE FIU, it makes you wonder what's it like in Russia or Gambia 🤔🤣🏝️

Is that the reason why Blockchain is blocked vehemently?

WHY BANKS HAS TO POLICE THEMSELVES IF THEIR POLICY IS TO EARN MONEY?

@disrael2101

3 жыл бұрын

Exacly.. Giving the cat to keep the milk or however u say this

An American talking about corruption sort out your own house