Gold companies in FinCEN Files

The total amount of transactions from 2007 to 2016 reported in suspicious activity reports, filed by banks in FinCEN Files.

Kaloti Jewellery Group
$9,322,281,853
Metalor Technologies International SA
$2,645,172,857
Argor Heraeus
$17,597,358

Source: FinCEN Files

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. Data for Kaloti Jewellery Group covers Aug. 2007 to June 2015; Metalor Jun. 2012 to Oct. 2016; and Argor Heraeus Mar. 2014 to June 2015.

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Top 10 banks by reported amount in FinCEN Files

Total amount diclosed by banks in suspicious activity reports found in the FinCEN Files.

Deutsche Bank
$1,310,771,379,656
JPMorgan
$514,206,745,666
Standard Chartered
$166,139,835,277
Bank of New York Mellon
$64,109,417,780
Barclays
$21,677,582,233
Société Générale
$8,485,904,902
HSBC
$4,480,002,672
State Street Corporation
$2,038,159,735
Commerzbank AG
$1,768,874,172
China Investment Corporation
$1,334,387,826

Source: FinCEN Files data

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. The 1,878 SARs in this data cover transactions between 1999 and 2017.

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How long it takes banks to file a suspicious activity report

The median number of days it took the top five banks by transactions amount in FinCEN Files to file a report from the time transactions took place and the time it was reported to FinCEN.

Barclays
1,205
JPMorgan
519
Standard Chartered
426
Bank of New York Mellon
210
Deutsche Bank
136

Source: FinCEN Files data

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. It is based on 1,750 reports in the FinCEN Files data.

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Suspicious activity reports in the FinCEN Files

The total number of SARs filed each year in the FinCEN Files data.

>2008200920102011201220132014201520162017>0100200300400

Source: FinCEN Files

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. It is based on the 2,121 reports in the FinCEN Files data.

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Venezuelan government entities found in FinCEN Files

Amounts related to transactions between 2009 - 2015 flagged as suspicious involving entities from Venezuela.

Ministry of Planning and Finance (Ministerio del Poder Popular de Planificacion y Finanzas)
$289,331,020
Veximca (Venezolana de Exportaciones e Importaciones, C.A.)
$230,521,271
PDVSA (ac pdvsa petroleo sa.)
$65,340,838
Corporation for Food Supply and Agricultural Services (Corporación de Abastecimiento y Servicios Agrícolas)
$18,502,763.18

Source: FinCEN Files

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network.

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Why SARs were filed mentioning gold companies

The reasons banks gave for filing a suspicious activity report that mentioned gold companies in the FinCEN Files leak.

Money laundering
54
Financial instrument or payment mechanism
35
Other suspicious activities
26
Affected financial soundness
11
Bonding company notified
10

Source: FinCEN Files

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network.

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Derwick Associates payments found in FinCEN Files

Amounts related to transactions between 2009 - 2017 flagged as suspicious involving Derwick Associates

Derwick Associates
$7,571,393.16
Francisco Convit Guruceaga
$6,960,109.69
Alejandro Betancourt
$5,100,980
Pedro Jose Trebbau
$4,242,800
Edgard Romero Lazo
$4,044,386.68

Source: FinCEN Files

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network.

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Ihor Kolomoisky's U.S. shopping spree

Ihor Kolomoisky and associates purchased 22 properties between 2006 and 2015, mostly through companies registered in Delaware. More than $490 million was siphoned from PrivatBank, a Ukraine bank Kolomoisky owned, towards the purchase of some of these properties, court records and interviews show.

Property types
  • Factory
  • Hotel
  • Office complex
  • Office tower

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Top 5 banks by reported amount in FinCEN Files

Total amount diclosed by banks in suspicious activity reports found in the FinCEN Files.

Deutsche Bank
$1,310,771,379,656
JPMorgan
$514,206,745,666
Standard Chartered
$166,139,835,277
Bank of New York Mellon
$64,109,417,780
Barclays
$21,677,582,233

Source: FinCEN Files data

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. The 1,750 SARs in this data cover transactions between 1999 and 2017.

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Rise in LLPs and LPs active on the U.K. corporate register

Obscure U.K. companies, popular with money launderers, increased fivefold.

  • Limited Liability Partnership
  • Limited Partnership
010,00020,00030,00040,00050,00060,00070,00080,00090,000100,000
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020

Companies House, the U.K. corporate registry

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Top 10 banks in FinCEN Files by number of reports

Total number of reports filed by banks in the FinCEN Files.

Deutsche Bank
982
Bank of New York Mellon
325
Standard Chartered
232
JPMorgan
107
Barclays
104
HSBC
73
Bank of America
35
China Investment Corporation
35
Wells Fargo
21
Citigroup
18
Société Générale
11

Source: FinCEN Files data

This data is not representative of all SARs received by the U.S. Department of Treasury's Financial Crimes Enforcement Network. The 1,943 SARs in this data cover transactions between 1999 and 2017.

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