Two Dominican companies are in leaked FinCEN investigation papers

Dolores

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Investigative journalist Alicia Ortega says transactions by two Dominican-related companies are in the Financial Crimes Enforcement Network (FinCEN) files leaked to BuzzFeed News. The Dominican companies are Ingenieria Estrella and Newport Consulting, both related to Odebrecht construction works in the Dominican Republic.



During an interview with Alicia Ortega, Ingeniería Estrella defended the transaction of US$1.1 million dollars with Nashville Financial for payment of services rendered for the studies and designs for the construction roadworks under the contract for Duarte Corridor I.



The FinCEN files are the result of extensive international research on money laundering and financial crime. They show how dirty money is shuffled around the world and how banks fail to stop this flow of money.



BuzzFeed News obtained the documents and shared these with the International...

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CristoRey

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Banks are in business to make profits,
not to help solve crimes.
 

Ecoman1949

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Of course, history has shown us how honest, bankers can be. :sneaky:
You think that they would learn but that’s not always the case. HSBC was fined 1.2 billion dollars a while ago and got a deferred prosecution agreement as past of the deal. Now they are embroiled in another massive money laundering scandal. I guess the fines are just the cost of doing business these days.

FinCen is going to be swamped as the investigations continue under the microscope of the new government. You don’t sweep aside twenty years of corruption easily.
 
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