New reporting on leaked suspicious activity reports from the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCen”) has revealed significant flaws in U.S. and global anti-money laundering efforts. Matthew Collin explains why financial systems still host so much dirty money, despite a huge regulatory push over the last 20 years to stamp down on money laundering, and what reforms would help make banking systems cleaner.
Related material:
Listen to Brookings podcasts here, on Apple or on Google podcasts, send email feedback to [email protected], and follow us at @policypodcasts on Twitter.
Thanks to audio producer Gaston Reboredo, Chris McKenna, Fred Dews, Marie Wilken, and Camilo Ramirez for their support.
The Current is part of the Brookings Podcast Network.
Participants
The Brookings Institution is committed to quality, independence, and impact.
We are supported by a diverse array of funders. In line with our values and policies, each Brookings publication represents the sole views of its author(s).
Commentary
PodcastWhat do leaked financial documents reveal about dirty money in banking?
September 24, 2020
Listen on
The Current Podcast